🔥 $COLLECT is looking seriously stretched here… but is this the setup for a pullback? 👀
I’m watching $COLLECT around 0.09693, right near its 24H high of 0.09696. After such a strong move, the chart is showing some signs that momentum may be getting overheated.
What caught my attention is the RSI(14) at 87.2 — extremely overbought. At the same time, price is well above EMA20 (0.08317) and EMA50 (0.08122). 📊
For me, this doesn’t automatically mean “SHORT now.” I’d rather see actual rejection or weakness around 0.096–0.0973 before considering the bearish setup.
If sellers step in, the levels I’m watching are around 0.0836 → 0.0834 → 0.0791. 🐻
But if COLLECT keeps pushing higher, the short thesis could quickly become invalid. Risk management matters here. ⚠️
💬 What do you think — is COLLECT ready for a cooling-off move, or can the momentum keep squeezing higher?
LONG, SHORT, or WAIT? Drop your view below 👇
#COLLECT $COLLECT #COLLECTUSDT #Crypto #BinanceSquare #Altcoins
I’m watching $COLLECT around 0.09693, right near its 24H high of 0.09696. After such a strong move, the chart is showing some signs that momentum may be getting overheated.
What caught my attention is the RSI(14) at 87.2 — extremely overbought. At the same time, price is well above EMA20 (0.08317) and EMA50 (0.08122). 📊
For me, this doesn’t automatically mean “SHORT now.” I’d rather see actual rejection or weakness around 0.096–0.0973 before considering the bearish setup.
If sellers step in, the levels I’m watching are around 0.0836 → 0.0834 → 0.0791. 🐻
But if COLLECT keeps pushing higher, the short thesis could quickly become invalid. Risk management matters here. ⚠️
💬 What do you think — is COLLECT ready for a cooling-off move, or can the momentum keep squeezing higher?
LONG, SHORT, or WAIT? Drop your view below 👇
#COLLECT $COLLECT #COLLECTUSDT #Crypto #BinanceSquare #Altcoins