MINA is up +14.38% with a daily RSI of 90.2 — yes, ninety — yet the volume keeps coming 🧠
Mina Protocol is at $0.105 with $5.5M in 24h volume. The 4H RSI at 74.4 is overbought, but in strong parabolic moves, overbought can stay that way for days. Price is trading well above the 4H SMA7 ($0.097) and SMA25 ($0.090), with the daily SMA99 at just $0.049 — this coin has doubled from its long-term baseline.
📊 Why This Trade?
The daily MACD histogram at +0.0023 is expanding, and the 4H MACD at +0.0011 confirms momentum is still accelerating. Volume at 2.61x normal sustains the move. The long/short ratio at 1.38 shows conviction. The entry zone targets a pullback to the SMA7 area — the most common re-entry point in parabolic trends.
📋 Trade Plan (LONG):
• Entry Zone: $0.102 – $0.108
• Stop Loss: $0.093 (below SMA25, ~10% risk)
• TP1: $0.109 (+4.0%)
• TP2: $0.113 (+8.0%)
• TP3: $0.118 (+12.0%)
• R:R = 0.4
With ATR at $0.00598, the stop gives ~1.7x ATR of room. This is a momentum play — take profits aggressively.
💭 RSI at 90 sounds terrifying. But the best trades often feel wrong. Are you brave enough to buy overbought, or are you waiting for the dip that may never come? 💬
⚠️ DYOR — Overbought conditions carry elevated risk. This is analysis, not financial advice. Size small and manage risk.
#MINA #Momentum #DYOR
Mina Protocol is at $0.105 with $5.5M in 24h volume. The 4H RSI at 74.4 is overbought, but in strong parabolic moves, overbought can stay that way for days. Price is trading well above the 4H SMA7 ($0.097) and SMA25 ($0.090), with the daily SMA99 at just $0.049 — this coin has doubled from its long-term baseline.
📊 Why This Trade?
The daily MACD histogram at +0.0023 is expanding, and the 4H MACD at +0.0011 confirms momentum is still accelerating. Volume at 2.61x normal sustains the move. The long/short ratio at 1.38 shows conviction. The entry zone targets a pullback to the SMA7 area — the most common re-entry point in parabolic trends.
📋 Trade Plan (LONG):
• Entry Zone: $0.102 – $0.108
• Stop Loss: $0.093 (below SMA25, ~10% risk)
• TP1: $0.109 (+4.0%)
• TP2: $0.113 (+8.0%)
• TP3: $0.118 (+12.0%)
• R:R = 0.4
With ATR at $0.00598, the stop gives ~1.7x ATR of room. This is a momentum play — take profits aggressively.
💭 RSI at 90 sounds terrifying. But the best trades often feel wrong. Are you brave enough to buy overbought, or are you waiting for the dip that may never come? 💬
⚠️ DYOR — Overbought conditions carry elevated risk. This is analysis, not financial advice. Size small and manage risk.
#MINA #Momentum #DYOR