$MORPHO at $2.16 and everyone screaming overbought because RSI hit 79.
Wrong take. 🎯
When you're 95% up your 30d range and STILL pulling +3.7% in a 4h window, that's not exhaustion. That's discovery mode. Price is hunting for resistance it hasn't found yet.
Yeah longs are paying 0.005% funding. So what? Volume's steady at 1x the 20d average, not spiking into mania territory. This isn't retail FOMO, it's repositioning.
Real overbought = parabolic volume + funding rate explosion. We got neither.
I'm holding through this "top" 💰
#MORPHO #Crypto #Binance
Wrong take. 🎯
When you're 95% up your 30d range and STILL pulling +3.7% in a 4h window, that's not exhaustion. That's discovery mode. Price is hunting for resistance it hasn't found yet.
Yeah longs are paying 0.005% funding. So what? Volume's steady at 1x the 20d average, not spiking into mania territory. This isn't retail FOMO, it's repositioning.
Real overbought = parabolic volume + funding rate explosion. We got neither.
I'm holding through this "top" 💰
#MORPHO #Crypto #Binance