#FOLKSUSDT Market Overview: Overbought Warning, Long-Short Battle Intensifies 🚨
Folks, this wave is really intense! A single day surged over 13%, peaking at 1.650, setting a recent high, it's making my heart race!
Core Signals
- RSI Overbought Explosion: 1-hour RSI(6) shot up to 90.98, both 15-minute and 4-hour are above 80, the pullback risk is almost overflowing!
- Trend Still at a Hard Top: All multi-period moving averages are in bullish alignment, SUPERTREND also confirms an upward trend, it's indeed difficult to reverse directly.
- Volume a Bit Weak: Trading volume has increased, but it's now lagging behind the price, if there’s a divergence between volume and price, this momentum can disappear in a flash.
Operational Reference
- For those holding positions: Keep an eye on the 1-hour EMA7 (1.556), set your dynamic stop loss properly, don’t let the profits slip away.
- For those still observing: Don’t rush in! Wait for the RSI to fall below 70, or for the price to pull back to the 1.550-1.560 range before considering, chasing highs now is purely seeking thrills.
- For the bold: You can try a small short near 1.650, set your stop loss above 1.700, first take profit at 1.556, second at 1.466, remember to play small!
💬 Let's chat, what does everyone think about this wave?
- Do you think it will continue to surge, or is a pullback imminent?
- Are you currently holding a position, observing, or already positioning for shorts?
- Where do you think the first support level will be?
⚠️ The market volatility is intense, the above are personal views and do not constitute investment advice, everyone must manage risk properly and not get carried away.
