#策略性加码BTC XMR faces technical pressure, and overbought risks warrant attention
$XMR There are some warning signals on the 4-hour chart. Since the upward wave began on December 17, the price has seen a considerable increase, but the technical indicators are showing signs of fatigue.
Several core issues cannot be ignored: the RSI indicator has surged to 91.34, an extreme overbought condition that is rare on the 4-hour timeframe, indicating that short-term buying momentum is clearly weakening. The price has also deviated significantly from the upper Bollinger Band and long-term moving averages, with heavy profit-taking pressure accumulating. MACD shows signs of bearish divergence, and the Bollinger Bands are in an extreme expansion state, all suggesting a high probability of a technical correction.
It is also important to pay attention to the risk of volume-price divergence — trading volume has failed to effectively follow the price increase, which often precedes a correction. The high volatility level is difficult to sustain long-term, and there is a possibility of energy rebalancing.
The current risk-reward ratio is not very favorable. Without proper market rhythm understanding, rushing into positions could lead to pitfalls. It is recommended to adopt a position management strategy to control risk exposure. $ETH Other mainstream cryptocurrencies also warrant attention to similar technical changes.
This is just an opinion; specific operations should be based on individual risk tolerance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
7
Repost
Share
Comment
0/400
ruggedNotShrugged
· 01-13 23:35
XMR's recent surge has been quite fierce, but RSI breaking 91 is really a bit scary.
---
Once again, it's MACD divergence; I've seen this combo quite a few times.
---
Diversification is the key; be cautious when taking over positions.
---
Volume-price divergence is the most brutal; when the price pushes up but volume can't keep up, it often doesn't end well.
---
I just want to ask, are those still daring to chase truly brave or just rookies?
---
After extreme expansion, Bollinger Bands usually contract; set stop-losses properly and don't be soft.
---
Overbought conditions, honestly, are just a matter of time; an adjustment is inevitable sooner or later.
---
If the risk-reward ratio isn't ideal, it's better to wait and see; not every opportunity needs to be taken.
---
Looking at it, I want to buy in, but when my hand hovers over the keyboard, I calm down haha.
---
ETH is probably in a similar state; there's a good chance that mainstream coins will rise and fall together this wave.
View OriginalReply0
SadMoneyMeow
· 01-13 19:06
RSI 91.34? It's almost skyrocketing to the sky. What does it indicate? It means it's time to run.
View OriginalReply0
MechanicalMartel
· 01-13 04:10
RSI 91 has broken the record, something's going to happen this time.
View OriginalReply0
memecoin_therapy
· 01-13 04:10
RSI 91.34? That number makes me a bit nervous, feels like a dump is coming.
View OriginalReply0
gas_fee_trauma
· 01-13 04:09
RSI has already soared to 91, do you still dare to buy in? Isn't this just asking for death?
View OriginalReply0
shadowy_supercoder
· 01-13 04:07
RSI 91 is already off the charts; this wave of buying-in might end up being a loss.
View OriginalReply0
FlatlineTrader
· 01-13 04:00
RSI is already at 91, and you're still chasing? This wave of correction is definitely unavoidable; the divergence between volume and price is too obvious a signal.
#策略性加码BTC XMR faces technical pressure, and overbought risks warrant attention
$XMR There are some warning signals on the 4-hour chart. Since the upward wave began on December 17, the price has seen a considerable increase, but the technical indicators are showing signs of fatigue.
Several core issues cannot be ignored: the RSI indicator has surged to 91.34, an extreme overbought condition that is rare on the 4-hour timeframe, indicating that short-term buying momentum is clearly weakening. The price has also deviated significantly from the upper Bollinger Band and long-term moving averages, with heavy profit-taking pressure accumulating. MACD shows signs of bearish divergence, and the Bollinger Bands are in an extreme expansion state, all suggesting a high probability of a technical correction.
It is also important to pay attention to the risk of volume-price divergence — trading volume has failed to effectively follow the price increase, which often precedes a correction. The high volatility level is difficult to sustain long-term, and there is a possibility of energy rebalancing.
The current risk-reward ratio is not very favorable. Without proper market rhythm understanding, rushing into positions could lead to pitfalls. It is recommended to adopt a position management strategy to control risk exposure. $ETH Other mainstream cryptocurrencies also warrant attention to similar technical changes.
This is just an opinion; specific operations should be based on individual risk tolerance.