Summary $BCH now
Trend: ๐ข strongly bullish
Momentum: ๐ฅ very strong
OI: ๐ฅ rising strongly
Longs: outperforming 62.56%
RSI/StochRSI: ๐ด overbought
Resistance: 326$
First important support: 299โ300$
Deeper support: 289โ291$
The signal I will be watching more than RSI right now is price + OI + volume together:
If price rises while OI and volume continue โ that indicates continued position openings and momentum.
If price stalls near 326 while OI keeps rising โ risk of crowded positions increases and Longs get trapped more.
If price starts to fall and OI drops quickly along with it โ this tends to indicate exits/liquidations, not just a normal pullback.
Trend: ๐ข strongly bullish
Momentum: ๐ฅ very strong
OI: ๐ฅ rising strongly
Longs: outperforming 62.56%
RSI/StochRSI: ๐ด overbought
Resistance: 326$
First important support: 299โ300$
Deeper support: 289โ291$
The signal I will be watching more than RSI right now is price + OI + volume together:
If price rises while OI and volume continue โ that indicates continued position openings and momentum.
If price stalls near 326 while OI keeps rising โ risk of crowded positions increases and Longs get trapped more.
If price starts to fall and OI drops quickly along with it โ this tends to indicate exits/liquidations, not just a normal pullback.
