Regarding the short-term trend of CHILLGUYUSDT, the technical indicators reveal some signals worth caution.
RSI across multiple timeframes has entered overbought territory—15-minute RSI surged to 84, 1-hour at 75, and 4-hour at 81. This alone should raise attention. But more concerning is the volume, which has collapsed by 97.7%. Simply put, the price increase is shrinking, and such low volume rallies are most prone to false breakouts.
**Current technical details**: The 1-hour MACD histogram is also beginning to shrink, indicating that the upward momentum is gradually weakening. Although the 4-hour structure still looks decent, its indicators have already reached extremes and need time to recover.
**Price levels**: The current price is near the psychological level of 0.0300. Resistance above is in the 0.0310-0.0325 range, while support below is at 0.0285 and 0.0260.
**My plan**: My advice is to stay calm and observe. If you really want to participate, I won't chase above 0.0310; better to wait for a pullback to confirm. Conversely, if the price drops below 0.0285, consider a small short position with a target of 0.0260, but stop-loss must be set at 0.0295.
Honestly, in this kind of market, the hardest part isn't deciding what to do, but controlling yourself not to act impulsively. Missing a wave isn't scary; an irrational move can do the most damage.
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OnchainFortuneTeller
· 01-08 00:52
Hmm, this wave of price increase with no volume is indeed dangerous. The volume collapsing by 97.7%—there's no need to look further, just go all in.
Holding back is such a perfect phrase. Every time I think this way, I still end up losing money.
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SolidityJester
· 01-07 16:33
Trading volume collapsed by 97.7%. This is getting interesting. The most false rallies are when volume is low. This wave is very likely a false breakout.
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The RSI is fully overbought, and the MACD is starting to shrink. It looks like the rebound is losing momentum.
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Controlling your hands is really a hundred times harder than bottom fishing. I am currently in the wait-and-see camp.
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Not chasing at 0.0310, wait for a pullback confirmation before acting. That’s the rational approach.
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The biggest fear of a false breakout is getting trapped. Better to miss out than to get caught with a face slap.
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Considering a light short position at 0.0285? Easier said than done. Can you really hold the stop-loss at 0.0295?
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The hardest thing is to do nothing, but often doing nothing is the best course of action.
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97.7% of the volume has disappeared. This indicates that the main players are probably already offloading.
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BearMarketBuilder
· 01-07 00:05
The volume collapsed by 97.7%, and this time it can't hold anymore. This is definitely a false breakout signal.
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probably_nothing_anon
· 01-05 21:55
The trading volume collapsed by 97.7%, and you're still praising it. Wake up, everyone.
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CoffeeOnChain
· 01-05 03:53
The volume collapse of 97.7% is just outrageous; this buying point does feel a bit fake.
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PensionDestroyer
· 01-05 03:53
Another massive surge, I'm tired of this routine.
Stay on the sidelines and wait for a breakdown.
RSI is already overbought, and you're still chasing? Are you out of your mind?
With such a collapse in trading volume, the rebound is just distribution, I bet five cents on it.
Controlling your hands is the key to winning, this saying is spot on.
I'll consider buying only when it drops to 0.026; chasing high now is just taking over the position.
When MACD shrinks, it's time to run; don't wait until it breaks support and then regret.
This wave is indeed quite fierce; better to miss out than catch the last move.
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BearMarketMonk
· 01-05 03:53
It's the same trick of limitless rise again, this time starring CHILLGUY. History never repeats itself, it just rhymes.
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GasFeeTherapist
· 01-05 03:51
Another endless surge, I'm tired of this routine haha
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NotFinancialAdvice
· 01-05 03:41
Volume collapsed by 97.7% yet still dares to push upward. Isn't this a classic false breakout tactic? Just sit back and watch the show.
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GasFeeCryBaby
· 01-05 03:24
The 97.7% collapse in volume is really alarming; rising with no volume is most likely to backfire.
Regarding the short-term trend of CHILLGUYUSDT, the technical indicators reveal some signals worth caution.
RSI across multiple timeframes has entered overbought territory—15-minute RSI surged to 84, 1-hour at 75, and 4-hour at 81. This alone should raise attention. But more concerning is the volume, which has collapsed by 97.7%. Simply put, the price increase is shrinking, and such low volume rallies are most prone to false breakouts.
**Current technical details**: The 1-hour MACD histogram is also beginning to shrink, indicating that the upward momentum is gradually weakening. Although the 4-hour structure still looks decent, its indicators have already reached extremes and need time to recover.
**Price levels**: The current price is near the psychological level of 0.0300. Resistance above is in the 0.0310-0.0325 range, while support below is at 0.0285 and 0.0260.
**My plan**: My advice is to stay calm and observe. If you really want to participate, I won't chase above 0.0310; better to wait for a pullback to confirm. Conversely, if the price drops below 0.0285, consider a small short position with a target of 0.0260, but stop-loss must be set at 0.0295.
Honestly, in this kind of market, the hardest part isn't deciding what to do, but controlling yourself not to act impulsively. Missing a wave isn't scary; an irrational move can do the most damage.