$BTW USDT +28.9% — Strong Trend, But RSI 97.8 Says Don’t Chase the Pump
My 1h bias is bullish here — price is printing strong higher highs and higher lows, while Supertrend remains bullish and SAR is positioned below price. MACD is also positive, confirming that momentum is still supporting the move.
But there is one major warning: RSI is sitting near 97.8, showing extreme overbought conditions after the sharp vertical rally. With price already testing the 1.3699–1.37 area, chasing a fresh long here carries elevated pullback risk.
I would rather wait for a controlled retracement and confirmation than enter after the spike.
Key levels:
Resistance: 1.3699–1.3700
Breakout zone: 1.3700+
Pullback support: 1.3420–1.3500
Deeper demand: 1.2718–1.30
Major trend support: around 1.2445
Bullish scenario: a clean breakout above 1.3700 followed by a successful retest could open the way toward 1.40 and the 1.4093 area.
Bearish warning: rejection around 1.37 followed by a loss of 1.3420 could trigger a deeper cooldown toward 1.30–1.27.
The trend is strong, but after a +28.9% move, patience matters more than chasing the candle.
Not investment advice. Educational report only.
#CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare #CryptoAnalysis $BTW
My 1h bias is bullish here — price is printing strong higher highs and higher lows, while Supertrend remains bullish and SAR is positioned below price. MACD is also positive, confirming that momentum is still supporting the move.
But there is one major warning: RSI is sitting near 97.8, showing extreme overbought conditions after the sharp vertical rally. With price already testing the 1.3699–1.37 area, chasing a fresh long here carries elevated pullback risk.
I would rather wait for a controlled retracement and confirmation than enter after the spike.
Key levels:
Resistance: 1.3699–1.3700
Breakout zone: 1.3700+
Pullback support: 1.3420–1.3500
Deeper demand: 1.2718–1.30
Major trend support: around 1.2445
Bullish scenario: a clean breakout above 1.3700 followed by a successful retest could open the way toward 1.40 and the 1.4093 area.
Bearish warning: rejection around 1.37 followed by a loss of 1.3420 could trigger a deeper cooldown toward 1.30–1.27.
The trend is strong, but after a +28.9% move, patience matters more than chasing the candle.
Not investment advice. Educational report only.
#CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare #CryptoAnalysis $BTW