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KMNO/USDT's recent performance is quite interesting. On the 15-minute, 1-hour, and 4-hour charts, the RSI is all in overbought territory (exceeding 73, 85, and 85 respectively), which usually indicates weakening upward momentum. However, the 1-hour MACD histogram is still expanding, suggesting that buyers haven't completely lost strength. But there's a big problem here—trading volume has shrunk by 94.3%, which is definitely a hidden risk.
Looking at key levels, the current position is stuck at the psychological level of 0.06. The breakout points above are 0.062 and 0.065, with support below at 0.058 and 0.055.
If the price effectively breaks above 0.062, the idea is to go long, targeting 0.065, with a stop loss at 0.0605. If it falls below 0.058, then switch to shorting, targeting 0.055, with a stop loss at 0.0595. But near the current price? My advice is not to chase the high, wait and see.
Honestly, with RSI so extremely overbought and volume so sluggish, chasing aggressively is too risky. I choose to wait—wait until the price either breaks above 0.062 and stabilizes, or drops below 0.058 to confirm a downtrend. At that point, it would be more prudent to follow the breakout. Chasing before the breakout is not worth the risk.