COLLECT/USDT — Momentum Bullish, Tapi Mulai Overheat 🚀
COLLECT/USDT on the 4-hour timeframe shows a strong surge up to 0.07042, rising by about 42.81%. Price successfully broke through the previous consolidation area and is now well above MA7, MA25, and MA99, indicating the short-term trend structure is still bullish.
Trading volume has sharply increased and the MACD has strengthened again, showing dominant buy pressure. However, there are signals to take note of: the RSI is at 91.46, entering an extreme overbought zone. Price is also already above the Bollinger Upper around 0.06818, so the chance of profit-taking or a pullback is quite significant.
The 0.07227–0.07347 area is the nearest resistance. If it can be broken through with strong volume, the momentum may continue. Meanwhile, key support is around 0.0613, then 0.0553.
In conclusion, the trend is still bullish, but don’t chase the price aggressively. Wait for a retest of support or a breakout confirmation before taking a position.
$COLLECT
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
COLLECT/USDT on the 4-hour timeframe shows a strong surge up to 0.07042, rising by about 42.81%. Price successfully broke through the previous consolidation area and is now well above MA7, MA25, and MA99, indicating the short-term trend structure is still bullish.
Trading volume has sharply increased and the MACD has strengthened again, showing dominant buy pressure. However, there are signals to take note of: the RSI is at 91.46, entering an extreme overbought zone. Price is also already above the Bollinger Upper around 0.06818, so the chance of profit-taking or a pullback is quite significant.
The 0.07227–0.07347 area is the nearest resistance. If it can be broken through with strong volume, the momentum may continue. Meanwhile, key support is around 0.0613, then 0.0553.
In conclusion, the trend is still bullish, but don’t chase the price aggressively. Wait for a retest of support or a breakout confirmation before taking a position.
$COLLECT
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis