MINA just exploded +19.56% — and the daily RSI at 90.9 is breaking my chart 📈
This is not a drill. MINA has gone vertical, blowing past its SMA25 $0.0705 and SMA99 $0.0495 like they were not even there. The question is not IF this is overbought — it is HOW LONG the momentum can sustain.
📊 Why This Trade?
MINA is in rare air right now:
• Daily RSI at 90.9 — among the most overbought readings you will ever see
• 4H RSI at 78 — also overbought but less extreme
• Volume ratio 1.84x — real buying pressure behind this move
• Price is +119% above its SMA99 $0.0495 — this is a parabolic breakout
• MACD daily histogram expanding +0.0026 — momentum still accelerating
When RSI goes above 90, you have two choices: fade it risky or ride it with tight stops smart. I prefer the latter.
🎯 Trade Plan LONG — momentum only:
• Entry: $0.1056 - $0.1120
• Stop Loss: $0.0960 (below SMA7 4H, ~10% risk)
• TP1: $0.1132 (+3%)
• TP2: $0.1175 (+7%)
• TP3: $0.1219 (+11%)
Risk/Reward: 0.3 — but momentum trades are about win rate, not R:R. Trail your stop aggressively.
💬 Is MINA heading to $0.15 or about to give it all back? 👇
#MINA #Altcoin #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto trading involves significant risk. Always do your own research and never invest more than you can afford to lose.