$M
* The situation *is explosive and hard to enter right now.*
*1. Price:*
- Price: *1.5480$* rising *+19.10%*
- 24h high: *1.8000$* / 24h low: 1.2694$
- Volume: 18.13M M / 27.83M USDT
- Fair price according to Binance: 1.5473$ — meaning it’s close to the spot.
*2. Moving Averages - and this is the most important:*
- MA(7): 1.2749
- MA(25): 1.1664
- MA(99): 1.3539
See what happened: the price was stuck below $1.00 (reached 0.9511), then broke through the 3 moving averages together with a vertical candlestick. It broke the long MA99, which had been resistance since August 19. This is called a *Golden Breakout*. Its rise from 1.16 to 1.80 happened in just two candles—about +55% in a matter of hours.
*3. Indicators - here’s the danger:*
- *RSI(6): 87.88* — this is dangerously overbought. Above 80 is strongly Overbought. Any coin above 85 on the 15m or 1h timeframe usually needs a correction.
- *OBV: 11.6B* — rising sharply/vertically. There’s a massive inflow of liquidity, but vertical pumps almost always end with a sharp drop.
*Difference between BANK and M:*
- BANK is just starting to break; RSI 57 is safe.
- M is already fully exploded—reached the top at 1.80 and then dropped to 1.54. So the buyers under 1.80 sold above, and the price fell again.
*My technical advice:*
Don’t enter a buy now, and the RSI is 87—there’s a high chance it will correct to:
- First support: *1.35$* (MA99 zone)
- Second support: *1.27$ - 1.16$* (MA7 and MA25 zone)
#HKCompletesFirstHKDStablecoinUseCase
* The situation *is explosive and hard to enter right now.*
*1. Price:*
- Price: *1.5480$* rising *+19.10%*
- 24h high: *1.8000$* / 24h low: 1.2694$
- Volume: 18.13M M / 27.83M USDT
- Fair price according to Binance: 1.5473$ — meaning it’s close to the spot.
*2. Moving Averages - and this is the most important:*
- MA(7): 1.2749
- MA(25): 1.1664
- MA(99): 1.3539
See what happened: the price was stuck below $1.00 (reached 0.9511), then broke through the 3 moving averages together with a vertical candlestick. It broke the long MA99, which had been resistance since August 19. This is called a *Golden Breakout*. Its rise from 1.16 to 1.80 happened in just two candles—about +55% in a matter of hours.
*3. Indicators - here’s the danger:*
- *RSI(6): 87.88* — this is dangerously overbought. Above 80 is strongly Overbought. Any coin above 85 on the 15m or 1h timeframe usually needs a correction.
- *OBV: 11.6B* — rising sharply/vertically. There’s a massive inflow of liquidity, but vertical pumps almost always end with a sharp drop.
*Difference between BANK and M:*
- BANK is just starting to break; RSI 57 is safe.
- M is already fully exploded—reached the top at 1.80 and then dropped to 1.54. So the buyers under 1.80 sold above, and the price fell again.
*My technical advice:*
Don’t enter a buy now, and the RSI is 87—there’s a high chance it will correct to:
- First support: *1.35$* (MA99 zone)
- Second support: *1.27$ - 1.16$* (MA7 and MA25 zone)
#HKCompletesFirstHKDStablecoinUseCase