$CT 52% breakout with RSI above 92 — bullish structure, but heavily extended
My bias is bullish on the 1h — price has broken aggressively from the 0.49 area and printed a fresh high at 0.63928, while Supertrend remains bullish at 0.49852 and SAR at 0.47204
The +52.05% 24h move with 190.86M USDT volume shows strong participation, but the move is now highly extended and chasing at 0.624 can carry significant pullback risk
RSI(6) is around 92, which signals extreme short-term momentum; I would rather wait for a controlled pullback and reclaim than enter directly into the spike
Key pullback zone: 0.598–0.575, with deeper support around 0.545–0.525
If price holds above 0.598 and reclaims 0.625 with volume, continuation toward 0.639 and potentially 0.651 becomes possible
A clean 1h close back below 0.544 would weaken the immediate bullish setup and increase the chance of a deeper retracement
No chase after a 52% move — let price come to the setup.
#CT #CryptoTrading #Binance #Altcoins #CryptoAnalysis $CT
My bias is bullish on the 1h — price has broken aggressively from the 0.49 area and printed a fresh high at 0.63928, while Supertrend remains bullish at 0.49852 and SAR at 0.47204
The +52.05% 24h move with 190.86M USDT volume shows strong participation, but the move is now highly extended and chasing at 0.624 can carry significant pullback risk
RSI(6) is around 92, which signals extreme short-term momentum; I would rather wait for a controlled pullback and reclaim than enter directly into the spike
Key pullback zone: 0.598–0.575, with deeper support around 0.545–0.525
If price holds above 0.598 and reclaims 0.625 with volume, continuation toward 0.639 and potentially 0.651 becomes possible
A clean 1h close back below 0.544 would weaken the immediate bullish setup and increase the chance of a deeper retracement
No chase after a 52% move — let price come to the setup.
#CT #CryptoTrading #Binance #Altcoins #CryptoAnalysis $CT
