$KAIA up 14% today and everyone's screaming overbought.
RSI hit 71. Funding's positive. Classic setup for a fade, right?
Wrong.
This isn't distribution. Volume's light at 0.8x the 20d average , whales aren't even selling yet. We're still 22% off the 30d high and price is below both the 20 and 50 day MAs. That's not a top, that's a bounce inside a downtrend that nobody's paying attention to.
The real move comes when this flips resistance around $0.029 and volume actually shows up. Until then? This is just noise to shake out weak hands before the real leg.
Most people will fade this because "muh RSI." I'm not most people. 🎯
Where do you think this stops , $0.03 or back to $0.022?
#KAIA #Crypto #Binance
RSI hit 71. Funding's positive. Classic setup for a fade, right?
Wrong.
This isn't distribution. Volume's light at 0.8x the 20d average , whales aren't even selling yet. We're still 22% off the 30d high and price is below both the 20 and 50 day MAs. That's not a top, that's a bounce inside a downtrend that nobody's paying attention to.
The real move comes when this flips resistance around $0.029 and volume actually shows up. Until then? This is just noise to shake out weak hands before the real leg.
Most people will fade this because "muh RSI." I'm not most people. 🎯
Where do you think this stops , $0.03 or back to $0.022?
#KAIA #Crypto #Binance