BAN Futures (BANUSDT) has been quite interesting in the recent trading sessions. The RSI on the 15-minute, 1-hour, and 4-hour charts has all entered overbought territory, which usually indicates that the rebound might be overextended. However, the MACD histogram on the 1-hour chart is still expanding, suggesting that the upward momentum has not fully dissipated. But there is a hidden risk—trading volume has shrunk significantly, with a decline of 91.6%, and the divergence between volume and price is quite obvious.
Let's look at some key levels: the current price is at the psychological level of 0.0900, with resistance at 0.0920 and 0.0950 above, and support at 0.0880 and 0.0850 below.
The trading plan is as follows: if the price breaks above and stabilizes at 0.0920, consider going long towards 0.0950, with a stop loss at 0.0905; conversely, if it falls below 0.0880, switch to short positions targeting 0.0850, with a stop loss at 0.0895. If the price swings within this range, it's best to stay on the sidelines and avoid chasing highs.
My personal approach is to wait and see: after the price effectively breaks above 0.0920 and then pulls back without breaking below, consider entering a small long position. Alternatively, if it breaks below 0.0880, go short. Currently, the overbought signals are obvious, and with volume-price divergence, forcing an entry at this point carries significant risk.
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MidnightTrader
· 14h ago
Be sure to watch out for volume-price divergence, with 91.6% of trading volume shrinking... What are they playing with us?
But despite being overbought, the MACD histogram is still expanding, so it doesn't feel like a true reversal point yet.
I'm also on the sidelines, waiting to see if it stabilizes at 0.0920 or breaks below 0.0880. Entering now is purely a gamble on luck.
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MetadataExplorer
· 01-13 11:37
The divergence between price and volume is so obvious. I think we should wait a bit, don't rush to get in.
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OldDengIsBothInexperiencedAnd
· 01-12 02:55
Hold on tight, we're about to take off 🛫
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FlashLoanPrince
· 01-12 00:50
The divergence between price and volume is so obvious, I still have to wait. Don't get fooled by the rebound.
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ProxyCollector
· 01-12 00:48
Is it worth chasing when the divergence between price and volume is so obvious? I think it's quite risky. Maybe wait until the breakdown is confirmed before making a move.
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NFTArchaeologist
· 01-12 00:47
The decline is so severe, it's down to 91.6%. I don't have the guts to chase after it.
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CommunityLurker
· 01-12 00:41
The divergence between price and volume is so obvious that I really don't dare to chase the highs. I feel like I'm just waiting for a clear directional signal.
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SerNgmi
· 01-12 00:38
Such obvious divergence between price and volume, forcing entry is just throwing money away.
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GasGrillMaster
· 01-12 00:27
Even with such obvious divergence between price and volume, still daring to chase the high? Really need to slow down.
BAN Futures (BANUSDT) has been quite interesting in the recent trading sessions. The RSI on the 15-minute, 1-hour, and 4-hour charts has all entered overbought territory, which usually indicates that the rebound might be overextended. However, the MACD histogram on the 1-hour chart is still expanding, suggesting that the upward momentum has not fully dissipated. But there is a hidden risk—trading volume has shrunk significantly, with a decline of 91.6%, and the divergence between volume and price is quite obvious.
Let's look at some key levels: the current price is at the psychological level of 0.0900, with resistance at 0.0920 and 0.0950 above, and support at 0.0880 and 0.0850 below.
The trading plan is as follows: if the price breaks above and stabilizes at 0.0920, consider going long towards 0.0950, with a stop loss at 0.0905; conversely, if it falls below 0.0880, switch to short positions targeting 0.0850, with a stop loss at 0.0895. If the price swings within this range, it's best to stay on the sidelines and avoid chasing highs.
My personal approach is to wait and see: after the price effectively breaks above 0.0920 and then pulls back without breaking below, consider entering a small long position. Alternatively, if it breaks below 0.0880, go short. Currently, the overbought signals are obvious, and with volume-price divergence, forcing an entry at this point carries significant risk.