O now at 0.5363, is this an entry point or a trap?
① I’m leaning bearish at this level; if 0.5378 can’t be broken, I’ll reduce first.
② Price and volume are a bit diverging, O so I choose to step away first.
③ Once had a brother, O the resistance above 0.5378 was holding very tightly, so no adding to the position.
O Stuck in the 0.5175~0.5378 range, current price 0.5363, RSI 55.6. I’m not betting on a one-way move in this kind of range; I’ll only follow long after a breakout of 0.5378, and I’ll leave immediately if 0.5175 breaks, staying inactive in between.
Newbies, remember: RSI overbought doesn’t mean an immediate drop, but chasing highs makes it more likely to get wicked out; real money is made by waiting for planned entries, not chasing emotions.
I trade by plan, and if I’m wrong, I admit it. How would you handle this position?
Everyone is an analyst when it rises; when it falls, you can tell who really understands.
#O #crypto market
① I’m leaning bearish at this level; if 0.5378 can’t be broken, I’ll reduce first.
② Price and volume are a bit diverging, O so I choose to step away first.
③ Once had a brother, O the resistance above 0.5378 was holding very tightly, so no adding to the position.
O Stuck in the 0.5175~0.5378 range, current price 0.5363, RSI 55.6. I’m not betting on a one-way move in this kind of range; I’ll only follow long after a breakout of 0.5378, and I’ll leave immediately if 0.5175 breaks, staying inactive in between.
Newbies, remember: RSI overbought doesn’t mean an immediate drop, but chasing highs makes it more likely to get wicked out; real money is made by waiting for planned entries, not chasing emotions.
I trade by plan, and if I’m wrong, I admit it. How would you handle this position?
Everyone is an analyst when it rises; when it falls, you can tell who really understands.
#O #crypto market
