FORM printed +41.7% in 24 hours, tagging a new 7-day high at 0.425 before pulling back.
The story here is the RSI, now at 73. That's deep in overbought territory after a vertical move. This tape looks exhausted. The desk's read is that the easy money has been made, and we're looking at distribution, not another leg up from here.
Bullish candle, overbought RSI — which one is lying?
$FORM
This desk posts all day. Follow to keep up with it.
The story here is the RSI, now at 73. That's deep in overbought territory after a vertical move. This tape looks exhausted. The desk's read is that the easy money has been made, and we're looking at distribution, not another leg up from here.
Bullish candle, overbought RSI — which one is lying?
$FORM
This desk posts all day. Follow to keep up with it.
