Recently, this coin's trend has been a bit crazy. It surged 36% in just one day, and now the RSI indicator has already reached the extreme zone, a serious overbought signal that is hard to ignore. The price looks to be soaring quite high, but it is far from the main moving average support level, with little support below.
What’s more concerning is that such rapid surges often attract a lot of profit-taking, and once selling pressure appears, the decline can sometimes be faster than the rise. You see that the trading volume is active, but the momentum of the price is already weakening, which is a typical divergence between volume and price.
The current price is around 0.37961. My advice is not to chase the last leg; this position’s risk-reward ratio is no longer very favorable. In trading, risk management should always come first.
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SchrodingersPaper
· 9h ago
Damn, it's another case of price and volume divergence. Every time I say this, it still goes up. I just don't believe it'll really fall this time.
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MidnightSeller
· 01-08 19:56
36% increase in one day, this wave is going to crash.
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StablecoinGuardian
· 01-08 19:55
Another classic pump trap, chasing after RSI overbought? You're likely to die before dawn.
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SwapWhisperer
· 01-08 19:52
A 36% increase in one day? This is obviously a signal before a dump.
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BlockchainBrokenPromise
· 01-08 19:51
36% in one day? Oh my, is this the rhythm to crash the market?
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PessimisticOracle
· 01-08 19:49
36% in one day? That's crazy! Is it real... RSI is already exploding, and people are still chasing. Are they out of their minds?
Recently, this coin's trend has been a bit crazy. It surged 36% in just one day, and now the RSI indicator has already reached the extreme zone, a serious overbought signal that is hard to ignore. The price looks to be soaring quite high, but it is far from the main moving average support level, with little support below.
What’s more concerning is that such rapid surges often attract a lot of profit-taking, and once selling pressure appears, the decline can sometimes be faster than the rise. You see that the trading volume is active, but the momentum of the price is already weakening, which is a typical divergence between volume and price.
The current price is around 0.37961. My advice is not to chase the last leg; this position’s risk-reward ratio is no longer very favorable. In trading, risk management should always come first.