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Looking at the recent trend of 4 coins, it's quite interesting. The RSI on the 15-minute and 1-hour charts has soared to 74 and 77 respectively, signaling overbought conditions. Plus, the MACD histogram is shrinking, indicating that the short-term upward momentum is clearly weakening. However, when looking at the 4-hour chart, the RSI is still at 57, and the bullish structure hasn't been broken yet.
Where's the problem? Volume. Shrinking to 97.6%, which is a bit concerning, indicating seriously insufficient participation.
Let's review the key levels:
**Currently stuck at the psychological level of 0.0300**. Above that, there are 0.0310 and 0.0325 waiting, while below, support levels are at 0.0290 and 0.0275.
My trading plan is like this—
If the price can hold above 0.0310, I will go long, targeting 0.0325, with a stop-loss at 0.0300. Conversely, if it breaks below 0.0290, I will switch to short, aiming for 0.0275, with the same stop-loss at 0.0300. Right now, the price is fluctuating between 0.0290 and 0.0310, so I choose to stay on the sidelines and wait for a clear breakout signal before acting.
Given the current volume situation, rushing into the market is a bit risky. It's better to wait a bit longer and see clearly before making a move.