#KGEN The risk is very high: entering at the top of a vertical breakout where the RSI is above 93-97 across different timeframes is a major risk for quickly taking profits (Dump/Correction).
Expected correction: it is completely normal after this vertical rise for the price to return to test support zones that match EMA(7) or at least EMA(25) (between the 0.205 - 0.230 zones).
Waiting until the price drops, the indicators calm down, and it stabilizes at clear support levels is the best action to avoid getting stuck at the top of the rise.
It is better to wait for a pullback from the upward move toward larger targets #Binance #cryptouniverseofficial
Expected correction: it is completely normal after this vertical rise for the price to return to test support zones that match EMA(7) or at least EMA(25) (between the 0.205 - 0.230 zones).
Waiting until the price drops, the indicators calm down, and it stabilizes at clear support levels is the best action to avoid getting stuck at the top of the rise.
It is better to wait for a pullback from the upward move toward larger targets #Binance #cryptouniverseofficial
