No time for right up. Easy oversold bounce play. Good point of entry near channel support and 4hr RSI oversold.
Trade closed: stop reached:
Failed Trade. Mistake was not looking at Bitcoin's RSI in conjunction with ETH. ETH 4hr RSI around 23 but BTC hasn't yet entered oversold territory.
Secondly, ETH historically gone deeper into oversold territory before the bounce. Live & Learn.
Secondly, ETH historically gone deeper into oversold territory before the bounce. Live & Learn.