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CYBER's recent surge is indeed quite strong. Looking at the 15-minute RSI, it has already surged to 72, and more surprisingly, both the 1-hour and 4-hour charts have broken above 80, indicating a serious overbought condition.
What’s more concerning is the volume issue—price is at a high level but trading volume is clearly shrinking, which is a classic bearish divergence signal. Once this divergence is confirmed, the correction tends to be quite deep.
Currently, the price is around 0.85, which is a game zone. Looking upward, 0.88 is the first resistance, followed by 0.92. Looking downward, 0.82 is an important support. If this line is broken, the next target is 0.78.
My trading approach is as follows: if it breaks through 0.88, I won't chase the order; I prefer to wait for a pullback. Chasing now is too risky. If I want to short, I will wait for the 0.82 level to be broken to confirm a trend reversal; otherwise, I will stay on the sidelines. As for the range between 0.82 and 0.88, the best option is to observe quietly.
My current stance is to stay on the sidelines. In this environment of overbought conditions and divergence, chasing longs upward is not wise, and shorting downward also requires confirmation signals. At the 0.85 price level, the risk-reward ratio is still a bit uncertain. If I decide to short, I will set the stop-loss at 0.845.