Two signals, both are overbought. In the
$OPN 15-minute RSI, it dropped to 94.9. In the
$COPPER 5-minute RSI, it surged to 91.0.
$OPN 15-minute RSI: 94.9. Extremely overbought. Current price: 0.07273. Up 16.52% in the past 24h.
Support: 0.0698, 0.0645. Resistance: 0.0731.
Funding rate: -0.005%. The shorts are paying; the more it rises, the more people there are shorting. This is not a good signal—it suggests someone positioned themselves in advance for a pullback.
My plan: Current price 0.07273, slightly bearish. Open a small short in the 0.0725–0.0730 zone. Stop loss: 0.0755. Take profit: 0.0675. Risk-reward is about 1:1.6.
$COPPER 5-minute RSI: 91.0. Severely overbought. Current price: 6.569. Up 3.37% in the past 24h.
Support: 6.552, 6.537. Resistance: 6.572.
Funding rate: 0. No one is paying on either side—the funding situation is very calm. The increase this time didn’t come with much volume; it looks more like follower orders chasing.
My plan: Current price 6.569, slightly bearish. Open a small short in the 6.565–6.570 zone. Stop loss: 6.60. Take profit: 6.50. Risk-reward is about 1:1.5.
When RSI hits above 90, it’s basically a sentiment top. Don’t guess how much higher it can go—wait for the structure to form before deciding.
$OPN #COPPER #超买信号 #short-term trading