SUI this wave of market movement is indeed fierce. The price has already broken through the upper band of the Bollinger Bands, and the trading volume has also increased, indicating that there is real money being poured in. But there is a problem here—technical indicators are already in a clear overbought state, with RSI soaring above 90. Such extreme readings often mean a short-term correction is needed.

For those who have already entered the market, I suggest taking profits in stages as the price rises. You can sell half to lock in gains first, and continue holding the remaining position for a bigger rally. The key is not to be too greedy; sometimes, retreating wisely is smarter than stubbornly holding on.

For traders who are still on the sidelines, pay attention—chasing the high at this position is too risky. Instead of rushing in now, it’s better to wait patiently. Keep an eye on key support zones, especially the 1.6922 level (which has about 10.78% space from the current price on the 1-hour chart) and the support range between 1.6761 and 1.6922. Wait until the price retraces to these levels, and after market sentiment cools down, consider entering.

With such strong upward momentum right now, going against the trend and shorting is like inviting bricks. The experience of forced liquidation is not very pleasant. In the short term, the market needs time to digest this overheated sentiment.