DEEPUSDT is currently presenting an interesting phenomenon: short-term overbought conditions are evident, but medium-term trends remain strong, with only trading volume beginning to lose momentum.
From a technical indicator perspective, the 15-minute RSI has surged to 69.7, and the 1-hour RSI is even 71.7 coupled with MACD histogram pointing upward, which is indeed a heated performance. However, looking up at the 4-hour chart, RSI still sits at 68.1, and the price structure remains within an uptrend channel, indicating the overall trend hasn't weakened. The issue is declining trading volume, which is somewhat subtle.
Regarding price levels, we're currently at the 0.0500 psychological level. On the upside are 0.0515 and 0.0530 as resistance points, while downside support sits at 0.0485 and 0.0470.
The trading strategy is actually quite clear: if it breaks above 0.0515, you can pursue long positions with targets pointing to 0.0530, but set stop loss at 0.0505. Conversely, if it breaks below 0.0485, switch to shorting with targets at 0.0470 and stop loss at 0.0495. Within the 0.0485 to 0.0515 range, stay on the sidelines and wait for clearer direction.
Why be so conservative? The key issue is insufficient volume. While short-term signals are bullish, there isn't sufficient trading volume to validate this rally, meaning what you're chasing could be confirmation or could be a false signal. So you still need to wait for volume confirmation at breakthrough, or observe volume performance on breakdown, before participating with more confidence. Overbought doesn't necessarily mean a decline, but with shrinking volume, any one-sided movement is prone to reversal.
DEEPUSDT is currently presenting an interesting phenomenon: short-term overbought conditions are evident, but medium-term trends remain strong, with only trading volume beginning to lose momentum.
From a technical indicator perspective, the 15-minute RSI has surged to 69.7, and the 1-hour RSI is even 71.7 coupled with MACD histogram pointing upward, which is indeed a heated performance. However, looking up at the 4-hour chart, RSI still sits at 68.1, and the price structure remains within an uptrend channel, indicating the overall trend hasn't weakened. The issue is declining trading volume, which is somewhat subtle.
Regarding price levels, we're currently at the 0.0500 psychological level. On the upside are 0.0515 and 0.0530 as resistance points, while downside support sits at 0.0485 and 0.0470.
The trading strategy is actually quite clear: if it breaks above 0.0515, you can pursue long positions with targets pointing to 0.0530, but set stop loss at 0.0505. Conversely, if it breaks below 0.0485, switch to shorting with targets at 0.0470 and stop loss at 0.0495. Within the 0.0485 to 0.0515 range, stay on the sidelines and wait for clearer direction.
Why be so conservative? The key issue is insufficient volume. While short-term signals are bullish, there isn't sufficient trading volume to validate this rally, meaning what you're chasing could be confirmation or could be a false signal. So you still need to wait for volume confirmation at breakthrough, or observe volume performance on breakdown, before participating with more confidence. Overbought doesn't necessarily mean a decline, but with shrinking volume, any one-sided movement is prone to reversal.