STABLE/USDT recent trend is quite interesting. The 15-minute chart shows RSI soaring to 78, clearly in the overbought zone, indicating a short-term correction risk. However, looking upward, the 1-hour RSI is only at 74, and the MACD is still in a bullish crossover, plus the 4-hour chart structure remains in an uptrend, so the overall direction is still leaning bullish.
The current key support level is at the psychological mark of 0.0200, with resistance levels at 0.0205 and 0.0212. The downside defense line is at 0.0195; if it breaks further, it could go down to 0.0188.
Honestly, I’m not keen on chasing high right now. Although the main trend is upward, the trading volume has indeed shrunk a bit, which is a hidden risk. My plan is this: if the price can break through 0.0205, I will go long with a target of 0.0212, and set the stop-loss at 0.0200. Conversely, if it falls below 0.0195, I will continue to observe and see if 0.0188 can stabilize before making a move. I won’t take action within this range for now, waiting for the trend to be confirmed before entering. Since there’s no volume support, entering now is just gambling. It’s better to wait for a clearer signal; if a breakout occurs, stop-loss immediately, which will keep the mindset more stable.
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ZenMiner
· 12h ago
The shrinking of the volume is really upsetting. I feel like something's going to happen. Let's wait and see.
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SchrodingerWallet
· 13h ago
The point of shrinking volume is really accurate, I also noticed it and feel it's a bit fake. Waiting for the breakdown signal is a good move to avoid getting trapped.
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NFTArchaeologist
· 13h ago
The volume is so fake, I don't dare to chase. Wait for a real breakdown signal, otherwise it's just a reckless gamble.
STABLE/USDT recent trend is quite interesting. The 15-minute chart shows RSI soaring to 78, clearly in the overbought zone, indicating a short-term correction risk. However, looking upward, the 1-hour RSI is only at 74, and the MACD is still in a bullish crossover, plus the 4-hour chart structure remains in an uptrend, so the overall direction is still leaning bullish.
The current key support level is at the psychological mark of 0.0200, with resistance levels at 0.0205 and 0.0212. The downside defense line is at 0.0195; if it breaks further, it could go down to 0.0188.
Honestly, I’m not keen on chasing high right now. Although the main trend is upward, the trading volume has indeed shrunk a bit, which is a hidden risk. My plan is this: if the price can break through 0.0205, I will go long with a target of 0.0212, and set the stop-loss at 0.0200. Conversely, if it falls below 0.0195, I will continue to observe and see if 0.0188 can stabilize before making a move. I won’t take action within this range for now, waiting for the trend to be confirmed before entering. Since there’s no volume support, entering now is just gambling. It’s better to wait for a clearer signal; if a breakout occurs, stop-loss immediately, which will keep the mindset more stable.