Current price 0.057440 USDT. After a big rise of 8.40%, long and short positions are in intense battle.
The moving averages are in a bullish alignment, but the RSI on the 1H chart has reached 72.4, entering the overbought zone. Combined with signals of money flowing out, there is short-term downside pressure for a pullback. The long-to-short ratio shows that the share of long positions is declining, and some profit-taking has occurred.
If the pullback to the 0.049390~0.051304 range does not break, the slightly bullish structure may still continue. If it falls below 0.046210, the current long thesis becomes invalid.
Buying at the top carries higher risk—waiting for a pullback before making a decision is more prudent. This is for chart observation and scenario analysis only and does not constitute a record of trading actions.
$MUBARAK #合约 #现货 #bear market
The moving averages are in a bullish alignment, but the RSI on the 1H chart has reached 72.4, entering the overbought zone. Combined with signals of money flowing out, there is short-term downside pressure for a pullback. The long-to-short ratio shows that the share of long positions is declining, and some profit-taking has occurred.
If the pullback to the 0.049390~0.051304 range does not break, the slightly bullish structure may still continue. If it falls below 0.046210, the current long thesis becomes invalid.
Buying at the top carries higher risk—waiting for a pullback before making a decision is more prudent. This is for chart observation and scenario analysis only and does not constitute a record of trading actions.
$MUBARAK #合约 #现货 #bear market
