【$H Signal】Hold off on trading, wait for a healthy correction

After a strong surge of nearly 20% on the 4-hour chart, the RSI has entered the overbought zone (77.35), and the funding rate has turned positive (0.0575%), indicating extremely high short-term risk for chasing the rally.

🎯Direction: Hold off on trading $H NoPosition(

Market shows that the price has moved far away from the EMA20 support (0.1617), creating a significant divergence. Although the depth imbalance (13.58%) indicates strong buying interest, this is a typical stage of major players pushing the price up to distribute, or retail traders FOMOing in.

The key logic is: 1) RSI is severely overbought, signaling a technical correction is needed. 2) The funding rate has turned positive, but open interest (OI) remains stable, indicating no short squeeze structure, but rather overheat among longs. 3) The last 4-hour candle shows high volume, but the buy/sell ratio (0.49) does not significantly favor buyers, suggesting the rally is mainly driven by short stop-loss triggers and chasing buy orders, not sustained accumulation by major players.

The current price (~0.1918) is directly chasing longs, with a poor risk-reward ratio. The ideal strategy is to wait for the price to retest key support levels (such as near EMA20 or the previous breakout zone around 0.170-0.175) for a healthy reset, then observe whether volume diminishes and RSI drops before reassessing long entry opportunities.

Trade here 👇 )
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