It's like a catching falling knife here, you are basing on the percentage of the down/up.
I want to ask "How can you say that it's over-bought/sold?" Are you using any momentum indicator like RSI for it? Because as what you said, you are basing on the percentage of price action.
Yes it's like catching falling knife.
Now I short cyber /usdt good entry price 7.32 my sl 7.70 i see it's safe to entry and don't see it can go any higher i don't see any long wicks either so it's safe and Im waiting nice profit.