The RLCUSDT position is extremely crucial because it is trying to break through the macro ceiling (strong resistance) at the monthly MA(99), currently at 0.9047.
Volume Remains Extremely High: 24-hour trading volume increased from 867.16M USDT to 892.92M USDT. This means market makers are still injecting plenty of fuel and liquidity to push the price higher.
RSI(6) Is Becoming More Extreme: The RSI has risen again to 93.95. Theoretically, this is overbought, but during a positive macro breakout, overbought indicators are often ignored and the price is forced higher until all short positions are liquidated.
Don't open a short if this has already become macro support, because a level that has become monthly macro support will be very difficult to break through. Short positions are at risk of getting stuck and liquidated.
Volume Remains Extremely High: 24-hour trading volume increased from 867.16M USDT to 892.92M USDT. This means market makers are still injecting plenty of fuel and liquidity to push the price higher.
RSI(6) Is Becoming More Extreme: The RSI has risen again to 93.95. Theoretically, this is overbought, but during a positive macro breakout, overbought indicators are often ignored and the price is forced higher until all short positions are liquidated.
Don't open a short if this has already become macro support, because a level that has become monthly macro support will be very difficult to break through. Short positions are at risk of getting stuck and liquidated.