$OP This rally is indeed pretty fierce, but there’s one issue: the moving averages’ bullish alignment looks great, yet the RSI has already pushed up to 70+ and there are signs of a bearish divergence. Right now EMA25 is at 0.1384—if price pulls back to this level and holds there, the bullish structure could still continue; if it breaks directly below 0.1353, then the current logic is basically invalidated.
Near-term resistance is around 0.149, which is the previous high; above that, around 0.154, there may be one more push higher. But with how clearly overbought it is, chasing the price really can easily backfire.
Only for chart observation and scenario forecasting—does not constitute a trading action record.
$OP #牛市 #行情分析 #Bear market
Near-term resistance is around 0.149, which is the previous high; above that, around 0.154, there may be one more push higher. But with how clearly overbought it is, chasing the price really can easily backfire.
Only for chart observation and scenario forecasting—does not constitute a trading action record.
$OP #牛市 #行情分析 #Bear market
