๐งจ $MRVL: Dangerous Peak โ Don't buy now!
๐ Price is $315, but the market is in overbought territory (RSI6 above 91, indicators are fully saturated). Longs outnumber shorts by four times, and funding is positive (0.007%) meaning the cost of buying is high.
๐ฏ Quick Tip:
ยท If you're already in a long position โ Take your profits now.
ยท If you're out of the market โ Wait for a break below 305$ then consider going short.
๐ Short entry for risk-takers: from $315, target $305, stop at $322.
โ ๏ธ Reminder: Overall trend is bullish, but sharp peaks usually end with a quick drop.
๐ Price is $315, but the market is in overbought territory (RSI6 above 91, indicators are fully saturated). Longs outnumber shorts by four times, and funding is positive (0.007%) meaning the cost of buying is high.
๐ฏ Quick Tip:
ยท If you're already in a long position โ Take your profits now.
ยท If you're out of the market โ Wait for a break below 305$ then consider going short.
๐ Short entry for risk-takers: from $315, target $305, stop at $322.
โ ๏ธ Reminder: Overall trend is bullish, but sharp peaks usually end with a quick drop.
