$LA is not “too overbought” yet. It’s squeezing shorts.
At $0.0716, +9.82% today and +8.8% in the latest 4h window, the obvious fade is getting crowded. RSI 71? Fine. Shorts are paying -0.134% funding while price sits above the 20d and 50d MAs. That is not a clean short setup. 🚀
Different beast than $ETH right now.
I’d watch $0.0716: hold it and I stay constructive; lose it and I wait. Volume is $4.95M, and price is only 4% off its 30d high. 👀
Would you enter here or wait for a retest? 🤔
#LA #CryptoNews #Trading
At $0.0716, +9.82% today and +8.8% in the latest 4h window, the obvious fade is getting crowded. RSI 71? Fine. Shorts are paying -0.134% funding while price sits above the 20d and 50d MAs. That is not a clean short setup. 🚀
Different beast than $ETH right now.
I’d watch $0.0716: hold it and I stay constructive; lose it and I wait. Volume is $4.95M, and price is only 4% off its 30d high. 👀
Would you enter here or wait for a retest? 🤔
#LA #CryptoNews #Trading