$CVC +70% โ IS THIS A BLOW-OFF TOP? ๐
RSI (6) sitting at 88 โ extreme overbought zone.
Price rejected hard from 0.03832 and now consolidating around 0.03545.
Volume exploded to 1.99B CVC in 24H. Open Interest climbing.
Classic parabolic move. These usually don't end quietly.
Short scenario:
ยท Entry trigger: break below 0.03464
ยท First target: 0.03300
ยท Second target: 0.03100
ยท Invalidation: reclaim above 0.03987
If RSI starts cooling below 70, momentum could flip fast.
But be careful โ trending markets can stay overbought longer than expected.
Would you short this or wait for confirmation? ๐
#CryptoDropbit #cvc #BinanceSquare