🚨#COLLECT went crazy! RSI soared to 94, a pullback is coming!🚨
1. Market signals: severely overbought, pullback imminent
From a technical perspective, the bullish momentum of COLLECTUSDT has been excessively consumed, and the risk of a pullback has dramatically increased:
- RSI extremely overbought: 1-hour RSI(6) reached 94.58, 4-hour RSI(6) is 87.85, and 15-minute RSI(6) also reached 83.36, all three periods are far above the overbought threshold of 70, and the bullish momentum is severely overdrawn.
- Long upper shadow under pressure: After the price surged, a significant long upper shadow appeared, indicating heavy selling pressure above, the bullish attack is obstructed, and there are signs of major funds offloading at high positions.
- Volume unusually expanded: Trading volume surged significantly, but this looks more like the main players pulling up to attract following orders, rather than a signal of sustained increase, caution is needed for "increased volume stagnation."
2. Bearish logic and target levels
1. Core logic: RSI extremely overbought + long upper shadow + abnormal volume, indicating that a short-term pullback is inevitable, and bulls may take profits at any time.
2. First target: Pull back near the 4-hour EMA25 (0.05580), approximately 0.056, this is a key support level, if broken, it opens up greater downside potential.
3. Second target: If it breaks below SUPERTREND (0.05561), further look towards around 0.05, this is an important support from the previous consolidation platform.
3. Trading suggestions (bearish perspective)
- Entry strategy: Aggressive traders can attempt to short with a light position near the current price (around 0.075), with a strict stop loss above the previous high of 0.08531; conservative traders should wait for the price to break below the 1-hour EMA7 (0.06619) before entering, confirming the pullback trend.
- Risk control: Single loss should not exceed 2% of total capital, if the price breaks above the previous high again with increased volume, it indicates the bearish logic has failed, immediately stop loss and exit.
- Mentality reminder: Don’t let short-term surges cloud your judgment, chasing longs now is no different from reaching into the fire for chestnuts, securing profits is the way to go!
