$AIOT USDT — dangerously overbought
Current price: 005727
SHORT SETUP
Entry: 005789 to 005858 (resistance)
First target: 004949
Second target: 004646
Stop-loss: 006000
Analysis
RSI 9045 — extremely, extremely overbought
A vertical rise after Binance news
There is always profit-taking after futures news
Sell from resistance with a tight stop
Manage your capital and stick to the stop
Current price: 005727
SHORT SETUP
Entry: 005789 to 005858 (resistance)
First target: 004949
Second target: 004646
Stop-loss: 006000
Analysis
RSI 9045 — extremely, extremely overbought
A vertical rise after Binance news
There is always profit-taking after futures news
Sell from resistance with a tight stop
Manage your capital and stick to the stop