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SQD this wave of market movement is quite interesting. The 15-minute and 1-hour RSI have both reached 74.4, firmly in the overbought zone. Although the 4-hour still maintains a slightly bullish structure (RSI 68.5), the problem lies here—trading volume has directly shrunk by 93.7%, which is quite uncomfortable.
Let's look at the current key levels: the current price is stuck at the psychological barrier of 0.0700. Resistance levels above are at 0.0720 and 0.0750, while support levels below are at 0.0680 and 0.0650. Although the MACD histogram is still rising, the momentum is clearly lacking. Coupled with such poor volume, it feels a bit unstable.
My approach is as follows:
**If it breaks upward:** Once it effectively breaks through 0.0720, I will go long, targeting 0.0750, with a stop-loss set at 0.0700 for protection.
**If it moves downward:** If it breaks below 0.0680, switch to a short position, targeting 0.0650, with the same stop-loss at 0.0700.
**For now:** Just observe. With such poor volume, it's better to give up some gains than to get caught in a position at this point. Wait for a true breakout or breakdown before following up; that will be more certain. Missing a wave of gains isn't scary, but making the wrong call is where real loss happens.
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RSI is already like this, and you still dare to chase? Truly bold.
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It's better to wait and see. Those caught are just greedy.
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The 0.0700 level is tightly blocked; it feels like something's going to happen.
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93.7% of trading volume has shrunk; this wave might be reaching its peak.
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Let's wait and see. Anyway, missing out on a wave won't kill you.
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I can see that MACD lacks momentum; it feels artificially high.
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Doing nothing is the best strategy, really.
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This position is too crowded; afraid of being cut.
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Better to earn less than get caught, right?
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RSI is overbought and still rising, this is probably a trap to lure buyers in
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It will be over soon, anyway I won't starve
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The 0.0700 level is really hard to break through, how to solve it?
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I'm just waiting for a break below to go short, I won't chase it up
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The trading volume has fallen to 93.7% and still wants to continue rising, that's funny
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Waiting and watching is the right approach, those caught in the trap must be feeling terrible right now
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It's just a bet on the direction, I bet it will go down
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The stop-loss is well placed, at least psychologically it feels more secure
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RSI soaring to 74 is so exaggerated, it feels a bit fake.
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Haha, this is a typical divergence between price and volume, it won't last long.
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That's what I think too. Wait for a breakout before taking action, the certainty will be higher.
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93.7% volume shrinkage? Need to look at a few more candles before saying anything.
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The psychological level is indeed hard to break through, can't go up easily, and it's also hard to fall down.
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Agreed, rather than chasing highs, it's better to wait. Capital preservation first.
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MACD lacking momentum combined with explosive volume, this signal is clear enough.
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Waiting and watching is the right move. This kind of low-volume market is the easiest to get trapped in.
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If it breaks through 0.0720, I will follow, but the prerequisite is that volume supports it.
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Shrinking to this extent and still pushing upward, someone must be dumping behind the scenes. A bit scary.
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RSI is already at 74. Still want to chase? Brother, you must think you have too much money.
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0.0700 is not moving here, I’ll just wait for confirmation. Anyway, sideways trading doesn’t make good profits.
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If it breaks 0.0720, I’m in, but this volume really makes people uncomfortable. It feels like the risk of a decline is greater.
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Instead of guessing the direction, it’s better to wait for a breakout. Set your stop-loss properly and that’s it—don’t get caught.
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Still greedy in the overbought zone—that’s the prelude to being cut, brother.
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If that line at 0.0680 can’t hold, I’ll go short directly at 0.0650.