From a technical perspective, the RSI on the 15-minute to 4-hour charts is all in overbought territory (75/79/80), which usually indicates short-term price correction pressure. But what's interesting is that the 1-hour MACD histogram is still expanding, suggesting that the upward momentum hasn't fully exhausted yet. The question is—trading volume has shrunk by 88.5%, which is a clear hidden risk, indicating that participation in the rally is significantly decreasing.
Key price levels to clarify: Currently stuck at the 0.12 psychological level (also a resistance). Above watch 0.125 and 0.13, below support levels are at 0.115 and 0.11.
How to operate? It depends on the subsequent breakout direction:
If it breaks upward and hits 0.125, you can lightly chase long positions, targeting 0.13, but set your stop-loss below 0.122—don't wait. If it breaks below 0.115, then switch to short positions, with a target at 0.11 and stop-loss at 0.118.
My choice is: observe at this position now, don't chase highs. Wait until a real breakout above 0.125 before acting, with entry between 0.125 and 0.126, targeting 0.13. But if it falls below 0.122, exit immediately. In a market with weak volume, it's better to give up some opportunities to protect your capital. Break the level and stop-loss—don't fight the market.
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RECALL/USDT recent trend is quite interesting.
From a technical perspective, the RSI on the 15-minute to 4-hour charts is all in overbought territory (75/79/80), which usually indicates short-term price correction pressure. But what's interesting is that the 1-hour MACD histogram is still expanding, suggesting that the upward momentum hasn't fully exhausted yet. The question is—trading volume has shrunk by 88.5%, which is a clear hidden risk, indicating that participation in the rally is significantly decreasing.
Key price levels to clarify:
Currently stuck at the 0.12 psychological level (also a resistance). Above watch 0.125 and 0.13, below support levels are at 0.115 and 0.11.
How to operate? It depends on the subsequent breakout direction:
If it breaks upward and hits 0.125, you can lightly chase long positions, targeting 0.13, but set your stop-loss below 0.122—don't wait. If it breaks below 0.115, then switch to short positions, with a target at 0.11 and stop-loss at 0.118.
My choice is: observe at this position now, don't chase highs. Wait until a real breakout above 0.125 before acting, with entry between 0.125 and 0.126, targeting 0.13. But if it falls below 0.122, exit immediately. In a market with weak volume, it's better to give up some opportunities to protect your capital. Break the level and stop-loss—don't fight the market.