DEEP has recently shown obvious overbought characteristics across multiple timeframes, but the shrinking trading volume that follows has become a key variable. This divergence signal suggests that a correction may be imminent and also provides an opportunity for precise positioning.
From a technical perspective, the RSI on the 15-minute chart is at 63, indicating some room for short-term upside but already showing signs of congestion; the RSI on the 1-hour chart has surged to 77, and although the MACD has formed a golden cross, it is approaching the overbought zone; the most extreme is the 4-hour chart, where the RSI directly hit 90. The structure remains strong but requires technical correction. The overbought condition across multiple timeframes combined with exhausted volume makes it difficult for the market to sustain the current rally.
Regarding key price levels, 0.05 is a psychological integer level and also the current anchor point. Resistance levels are at 0.0515 and 0.053, while support levels are at 0.0485 and 0.046.
There are two main trading approaches. First, if a volume breakout signal appears at 0.0515, consider going long with a target of 0.053 and a stop-loss below 0.0505; second, if the price breaks below 0.0485, it is recommended to stay on the sidelines and wait for the price to stabilize around 0.046 before reassessing. The most prudent choice at this stage is to stay put, as chasing highs or bottom-fishing could easily lead to traps. It’s better to wait for a clear volume breakout or bottom confirmation signal.
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TokenomicsTherapist
· 01-08 15:06
Doing nothing is the best strategy. The RSI at 90 makes my scalp tingle. Moving at such times makes it easiest to get trapped.
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liquiditea_sipper
· 01-07 23:07
RSI has reached 90 and you still want to chase higher? Bro, are you just following the trend or haven't done your technical analysis homework?
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governance_ghost
· 01-06 01:52
RSI90 is so outrageous, and the volume has also decreased. It feels like it's about to crash.
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SchrodingerProfit
· 01-06 01:50
RSI is already at 90, and you're still telling stories. This wave is probably going to plunge.
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zkProofInThePudding
· 01-06 01:42
The lack of volume is indeed a trap; RSI 90 has skyrocketed, and it feels like a correction is imminent.
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ApyWhisperer
· 01-06 01:42
RSI 90 has already been reached, and you're still waiting for a signal. By then, it'll be too late.
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MidnightTrader
· 01-06 01:28
The 4-hour RSI chart has surged to 90. That’s quite strong, but the volume is dead, so it feels uncertain. Let’s just see how the 0.05 level plays out first.
DEEP has recently shown obvious overbought characteristics across multiple timeframes, but the shrinking trading volume that follows has become a key variable. This divergence signal suggests that a correction may be imminent and also provides an opportunity for precise positioning.
From a technical perspective, the RSI on the 15-minute chart is at 63, indicating some room for short-term upside but already showing signs of congestion; the RSI on the 1-hour chart has surged to 77, and although the MACD has formed a golden cross, it is approaching the overbought zone; the most extreme is the 4-hour chart, where the RSI directly hit 90. The structure remains strong but requires technical correction. The overbought condition across multiple timeframes combined with exhausted volume makes it difficult for the market to sustain the current rally.
Regarding key price levels, 0.05 is a psychological integer level and also the current anchor point. Resistance levels are at 0.0515 and 0.053, while support levels are at 0.0485 and 0.046.
There are two main trading approaches. First, if a volume breakout signal appears at 0.0515, consider going long with a target of 0.053 and a stop-loss below 0.0505; second, if the price breaks below 0.0485, it is recommended to stay on the sidelines and wait for the price to stabilize around 0.046 before reassessing. The most prudent choice at this stage is to stay put, as chasing highs or bottom-fishing could easily lead to traps. It’s better to wait for a clear volume breakout or bottom confirmation signal.