๐ง MINA is up +15.9% and the daily RSI just hit 90.5. Before you scream "overbought" โ let me explain.
At $0.107, Mina Protocol is having a breakout moment. The daily chart shows price is 2x above the SMA99 ($0.050) and well above the SMA25 ($0.070). This isn't a random pump โ it's a structural breakout from a long base.
The 4H RSI at 76.5 is hot but the 4H SMA7 ($0.099) is acting as a strong trailing support. Volume is 2.58x average โ real participation. The long/short ratio at 1.30 shows the market is aligned bullish.
๐ Trade Plan (LONG โ breakout momentum):
โข Entry: $0.1036 โ $0.1096
โข Stop Loss: $0.0947 (below the 4H SMA7 โ the trend breaks if this level fails)
โข TP1: $0.1109 | TP2: $0.1151 | TP3: $0.1194
โข Confidence: 82% โ but with an RSI at 90, position size MUST be reduced
โก The honest take: at RSI 90+, you don't chase. You wait for a pullback to the $0.10 area and enter there. If you're already in, trail your stop and let it ride.
๐ MINA to $0.15 or back to $0.07? The ZK narrative is heating up โ where do you stand?
#MINA #ZK #DYOR
โ ๏ธ Disclaimer: Not financial advice. Overbought conditions can persist but also reverse violently. Trade responsibly.
At $0.107, Mina Protocol is having a breakout moment. The daily chart shows price is 2x above the SMA99 ($0.050) and well above the SMA25 ($0.070). This isn't a random pump โ it's a structural breakout from a long base.
The 4H RSI at 76.5 is hot but the 4H SMA7 ($0.099) is acting as a strong trailing support. Volume is 2.58x average โ real participation. The long/short ratio at 1.30 shows the market is aligned bullish.
๐ Trade Plan (LONG โ breakout momentum):
โข Entry: $0.1036 โ $0.1096
โข Stop Loss: $0.0947 (below the 4H SMA7 โ the trend breaks if this level fails)
โข TP1: $0.1109 | TP2: $0.1151 | TP3: $0.1194
โข Confidence: 82% โ but with an RSI at 90, position size MUST be reduced
โก The honest take: at RSI 90+, you don't chase. You wait for a pullback to the $0.10 area and enter there. If you're already in, trail your stop and let it ride.
๐ MINA to $0.15 or back to $0.07? The ZK narrative is heating up โ where do you stand?
#MINA #ZK #DYOR
โ ๏ธ Disclaimer: Not financial advice. Overbought conditions can persist but also reverse violently. Trade responsibly.