Looking at the recent trend of BROCCOLI714/USDT, the technical indicators have already shown a strong overbought signal. The RSI on the 15-minute chart has reached 71, which is a warning sign at this level. But the real trouble lies in the 1-hour and 4-hour charts — RSI has surged to 84 and 76 respectively, indicating serious overbought conditions.
Regarding trading volume, the 1-hour MACD histogram has already flattened, and the trading volume has shrunk by 97%, suggesting that the upward momentum has long since exhausted itself, and the probability of further upward movement is low.
From a technical standpoint, the current key level is around the psychological mark of 0.03. Above that, there are resistance levels at 0.031 and 0.032, while below, support levels are at 0.029 and 0.027.
My strategy is simple — at the current price around 0.03, I recommend **waiting and watching**, and definitely not chasing long positions. If the price breaks below 0.029, consider **light short positions** with a target of 0.027, and set a stop-loss at 0.0315. As for a breakout above 0.032, unless there is a volume confirmation, just abandon the pursuit and do not chase.
Currently, the market is in a severely overbought zone, and the risk-reward ratio is not favorable. Instead of gambling on hope, wait for high-probability confirmation signals. If the level breaks, cut losses and exit; protecting your mindset is the most important.
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0xSunnyDay
· 18h ago
It's already overbought at 84, and people are still chasing? Truly impressive, I'll just watch.
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SelfRugger
· 18h ago
Damn, it's overbought again. BROCCOLI, this coin really knows how to mess with people.
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AirdropGrandpa
· 18h ago
This wave of RSI data clearly shows it's time to rest. It's already so high, and you're still daring to chase? I won't move; I'll wait until it breaks below.
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GasWaster
· 18h ago
Damn, RSI is already at 84, and you're still chasing? It feels like a false breakout.
Wait until it breaks 0.029 before talking. Entering now is just catching a falling knife.
Protecting the principal is the most important; don't be fooled by overbought signals.
It's right to stay on the sidelines. Don't act before confirming signals.
Trading volume has shrunk by 97%. How can it surge afterward? That's hilarious.
Looking at the recent trend of BROCCOLI714/USDT, the technical indicators have already shown a strong overbought signal. The RSI on the 15-minute chart has reached 71, which is a warning sign at this level. But the real trouble lies in the 1-hour and 4-hour charts — RSI has surged to 84 and 76 respectively, indicating serious overbought conditions.
Regarding trading volume, the 1-hour MACD histogram has already flattened, and the trading volume has shrunk by 97%, suggesting that the upward momentum has long since exhausted itself, and the probability of further upward movement is low.
From a technical standpoint, the current key level is around the psychological mark of 0.03. Above that, there are resistance levels at 0.031 and 0.032, while below, support levels are at 0.029 and 0.027.
My strategy is simple — at the current price around 0.03, I recommend **waiting and watching**, and definitely not chasing long positions. If the price breaks below 0.029, consider **light short positions** with a target of 0.027, and set a stop-loss at 0.0315. As for a breakout above 0.032, unless there is a volume confirmation, just abandon the pursuit and do not chase.
Currently, the market is in a severely overbought zone, and the risk-reward ratio is not favorable. Instead of gambling on hope, wait for high-probability confirmation signals. If the level breaks, cut losses and exit; protecting your mindset is the most important.