I have been monitoring the JASMY/USDT trend all day and finally found the opportunity I was looking for.
The price is now at the 0.01 USDT level. On the 4-hour chart, the RSI has already surged into the overbought zone above 70, but what's interesting here is that—the 1-hour MACD has already shown a death cross, and the histogram has turned negative, clearly indicating that the upward momentum is waning. Over the past few hours, I’ve been waiting for a signal: either the 1-hour timeframe shows signs of stalling and losing strength, or it directly forms a pullback pattern, while trading volume significantly shrinks. Currently, the volume has contracted by 99.1%, indicating that the buying enthusiasm is insufficient, paving the way for a wave of retracement.
**My choice is to stay on the sidelines and not rush to act.**
The trigger for shorting is here: if the price stays within the 0.0100 to 0.0102 range, and the 1-hour candlestick closes without breaking above this level, or forms bearish patterns like a pin bar or engulfing, while the 1-hour RSI falls back from high levels, then it’s time for me to act.
Once the signal confirms, my trading plan is as follows: - Entry: Gradually open short positions within the 0.0100-0.0102 range - Stop-loss: Set at 0.0105, just above the previous high - Targets: Two levels, T1 at 0.0095, T2 aiming for 0.0090
This risk-reward ratio exceeds 2:1, meeting my standards. Currently, sentiment should be cautious; only when price structure, indicator performance, and risk-reward considerations truly align will be the right time to take action.
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ApeShotFirst
· 01-10 02:33
Wait, 99.1% trading volume shrinkage? Is this guy really waiting for a death cross? JASMY keeps falling endlessly.
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retroactive_airdrop
· 01-08 22:43
This guy really has patience waiting for signals. Why can't I ever wait?
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SchroedingerGas
· 01-07 15:22
It looks a bit tough, with 99.1% trading volume shrinking. Do I still have to wait? I'll just skip it.
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NftBankruptcyClub
· 01-07 05:44
Hey, this wave does have some substance. The trading volume dropping to 99.1% is just ridiculous, it’s obvious no one wants it anymore.
But I personally think the risk-reward ratio of 2:1 still needs to wait a bit longer; JASMY is too unpredictable.
Haha, I’ll just see if you can keep copying this wave to the end. Good luck!
Waiting to see how your T1 will rebound. It feels like it might break below 0.009 this week.
Honestly, I’ve seen this overbought correction routine many times. Both the rise and fall are shrinking.
Smart people are gradually building short positions; it’s definitely more stable than going all-in at once.
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HodlTheDoor
· 01-07 05:41
Sigh, really, this 99.1% decline in trading volume clearly indicates some brewing activity. Patience and waiting for signals are the key.
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SignatureDenied
· 01-07 05:41
Wait, the trading volume dropped by 99.1%? That's unbelievable. Could it be that the market is too small?
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PonziWhisperer
· 01-07 05:28
Wait a minute, you're still waiting with a 99.1% decrease in trading volume? I went in directly, and it rebounded...
I have been monitoring the JASMY/USDT trend all day and finally found the opportunity I was looking for.
The price is now at the 0.01 USDT level. On the 4-hour chart, the RSI has already surged into the overbought zone above 70, but what's interesting here is that—the 1-hour MACD has already shown a death cross, and the histogram has turned negative, clearly indicating that the upward momentum is waning. Over the past few hours, I’ve been waiting for a signal: either the 1-hour timeframe shows signs of stalling and losing strength, or it directly forms a pullback pattern, while trading volume significantly shrinks. Currently, the volume has contracted by 99.1%, indicating that the buying enthusiasm is insufficient, paving the way for a wave of retracement.
**My choice is to stay on the sidelines and not rush to act.**
The trigger for shorting is here: if the price stays within the 0.0100 to 0.0102 range, and the 1-hour candlestick closes without breaking above this level, or forms bearish patterns like a pin bar or engulfing, while the 1-hour RSI falls back from high levels, then it’s time for me to act.
Once the signal confirms, my trading plan is as follows:
- Entry: Gradually open short positions within the 0.0100-0.0102 range
- Stop-loss: Set at 0.0105, just above the previous high
- Targets: Two levels, T1 at 0.0095, T2 aiming for 0.0090
This risk-reward ratio exceeds 2:1, meeting my standards. Currently, sentiment should be cautious; only when price structure, indicator performance, and risk-reward considerations truly align will be the right time to take action.