š„ RAD just printed +42% in 24 hours. Volume is 13x normal. But here's why I'm NOT chasing this pump...
š The Picture:
RAD is trading at $0.30 after an explosive move. RSI(4H) is at 78.4 and RSI(Daily) is at 89.9 ā both deep in overbought territory. The daily chart hasn't seen this kind of heat in months. Whale wallets have been accumulating, which is interesting, but the risk-reward of chasing at $0.30 is terrible.
š§ Why I'm Watching, Not Buying:
When a coin pumps 42% with surging volume, the smart money is already inside. Retail traders who FOMO in at the top become exit liquidity. The 4H SMA7 ($0.26) and SMA25 ($0.22) are way below current price ā that's a stretched rubber band waiting to snap back.
š The Plan (Wait for Pullback):
š Entry Zone: $0.22ā$0.25 (retest of breakout)
š Stop Loss: $0.19 (below structure)
šÆ TP1: $0.32 | TP2: $0.38
āļø Risk/Reward: 1.9R
The move is real ā volume confirms it. But entries matter. Let the overbought condition resolve, then look for support confirmation in the $0.22ā$0.25 zone.
š¤ Would you chase RAD at $0.30 or wait for the dip? Drop your take below š
#RAD #CryptoTrading #DYOR
ā ļø This is not financial advice. Always do your own research and manage risk carefully.
š The Picture:
RAD is trading at $0.30 after an explosive move. RSI(4H) is at 78.4 and RSI(Daily) is at 89.9 ā both deep in overbought territory. The daily chart hasn't seen this kind of heat in months. Whale wallets have been accumulating, which is interesting, but the risk-reward of chasing at $0.30 is terrible.
š§ Why I'm Watching, Not Buying:
When a coin pumps 42% with surging volume, the smart money is already inside. Retail traders who FOMO in at the top become exit liquidity. The 4H SMA7 ($0.26) and SMA25 ($0.22) are way below current price ā that's a stretched rubber band waiting to snap back.
š The Plan (Wait for Pullback):
š Entry Zone: $0.22ā$0.25 (retest of breakout)
š Stop Loss: $0.19 (below structure)
šÆ TP1: $0.32 | TP2: $0.38
āļø Risk/Reward: 1.9R
The move is real ā volume confirms it. But entries matter. Let the overbought condition resolve, then look for support confirmation in the $0.22ā$0.25 zone.
š¤ Would you chase RAD at $0.30 or wait for the dip? Drop your take below š
#RAD #CryptoTrading #DYOR
ā ļø This is not financial advice. Always do your own research and manage risk carefully.