People are catching falling knives instead of using simple moving average indicators. The 4 hour oversold level on RSI has been a reliable indicator of bottoms in recent bull corrections, but, obviously, it's not fool proof. As soon as people pile in on the short side with leverage, we're likely to see a bounce. Sometimes the best position is to not have one.
註釋
Things are looking better at this point, with our expected bounce .. Now watching for a higher low and indication of a trend change.
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