$ADX at $0.0626 is not “just getting started”... it’s already basically at the top of the 30d range and people are still chasing. 🔥
That’s the hot take.
Yes, it’s up 6.83% on 24h and +7.4% in the last 4h, but RSI(14) at 71 says this thing is stretched, not cheap. Volume is only 1.2x the 20d average, so this isn’t some breakout tsunami. It’s a grind near the high with mixed MAs and chop underneath. 👀
I’d rather wait for a real reset than buy the local top on @heyaura. 📉
#ADX
#Web3
#Trading
That’s the hot take.
Yes, it’s up 6.83% on 24h and +7.4% in the last 4h, but RSI(14) at 71 says this thing is stretched, not cheap. Volume is only 1.2x the 20d average, so this isn’t some breakout tsunami. It’s a grind near the high with mixed MAs and chop underneath. 👀
I’d rather wait for a real reset than buy the local top on @heyaura. 📉
#ADX
#Web3
#Trading