What does RSI 79 mean? Last time on $0G it reached this level, it fell 30%—straight up a waterfall sell-off!
When RSI goes crazy before the price does, the scythe is already raised.
Flow of funds: net outflow of 400k on the 5-minute chart, net outflow of 240k on the 15-minute chart—short-term capital has started selling. On the 1-hour scale there was a net inflow of 900k, but signs of weakening are already showing. If follow-up capital can’t keep up, it turns into a cliff-like drop.
Liquidation map: the dense long-liquidation zone is at 0.216–0.219. Once it breaks below, it’s every man for himself—multiple liquidations triggering more selling.
News: 0G itself has no new positive catalysts. This rally is purely an emotion-driven tug-of-war. A rootless tree won’t go far.
My personal view: the overbought signal of RSI 79 can’t be ignored. 0.2235 is the short-term top. Targets are 0.21–0.20.
Trading strategy:
Aggressive: short at the current price 0.2235, target 0.216–0.210.
Conservative: wait for a rebound to 0.225–0.226, confirm resistance, then short; target 0.205–0.200.
When RSI 79 last appeared, 0G dropped 30% over three weeks. Will history repeat itself? Join the chat room—I’ll show you my recap 👀#布伦特原油涨破90美元
When RSI goes crazy before the price does, the scythe is already raised.
Flow of funds: net outflow of 400k on the 5-minute chart, net outflow of 240k on the 15-minute chart—short-term capital has started selling. On the 1-hour scale there was a net inflow of 900k, but signs of weakening are already showing. If follow-up capital can’t keep up, it turns into a cliff-like drop.
Liquidation map: the dense long-liquidation zone is at 0.216–0.219. Once it breaks below, it’s every man for himself—multiple liquidations triggering more selling.
News: 0G itself has no new positive catalysts. This rally is purely an emotion-driven tug-of-war. A rootless tree won’t go far.
My personal view: the overbought signal of RSI 79 can’t be ignored. 0.2235 is the short-term top. Targets are 0.21–0.20.
Trading strategy:
Aggressive: short at the current price 0.2235, target 0.216–0.210.
Conservative: wait for a rebound to 0.225–0.226, confirm resistance, then short; target 0.205–0.200.
When RSI 79 last appeared, 0G dropped 30% over three weeks. Will history repeat itself? Join the chat room—I’ll show you my recap 👀#布伦特原油涨破90美元
