Two signals.
$BUSDT 4-hour RSI surged to 96.6, overbought. Current price 0.197. Up 53% in 24h.
$PTBUSDT 5-minute RSI jumped to 90.3, overbought. Current price 0.000796. Up 12% in 24h.
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$BUSDT 4-hour RSI 96.6. Extremely overbought. Current price 0.197. Up 53% in 24h.
Support 0.18 0.16. Resistance 0.20 0.23.
Funding rate +0.038%. Longs are chasing the move higher.
Current price 0.197. Bearish. Entry range 0.20-0.21, stop loss 0.23, target 0.17, risk-reward ratio about 2:1. RSI 96.6 indicates the short-term rise was too fast, and a pullback is likely.
$PTBUSDT 5-minute RSI 90.3. Overbought. Current price 0.000796. Up 12% in 24h.
Support 0.00075 0.00070. Resistance 0.00082 0.00086.
Funding rate +0.008%. Longs have the upper hand.
Current price 0.000796. Bearish. Entry range 0.00080-0.00082, stop loss 0.00086, target 0.00074, risk-reward ratio about 2:1. RSI 90 indicates short-term buying is overheated.
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Both coins are overbought. BUSDT is rising more sharply, with a more extreme RSI. Chasing this kind of move is dangerous; wait for a pullback before looking for opportunities.
I'm watching.
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