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Trading Alert: RSI Technical Setup Watch
Several altcoins are displaying overbought or oversold conditions on the 1-hour chart—a setup worth monitoring if you're swing trading or scalping.
Overbought signals (potential pullback zone): RIVER, USELESS, FIL, SSV, 1000PEPE, KSM, SYRUP, STBL, COS, DOT, AERO, PYTH, NOT, RAYSOL, APT, AR, TIA, NKN, FORTH, POPCAT.
When RSI climbs into overbought territory above 70, mean reversion trades often kick in. Conversely, oversold readings below 30 can signal bounce opportunities. The key is confirmation—watch for divergences, support/resistance levels, and volume patterns before entering.
This isn't financial advice, just technical observations. Always confirm with additional indicators and risk management before trading.