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Looking at the trend of the UAI coin. The 15-minute RSI is around 65, indicating a neutral stance, but on the 1-hour chart it has already surged to 70, showing some overbought signals. The 4-hour chart looks okay. The issue lies in the trading volume, which has recently shrunk significantly, dropping by 83.5%, indicating a lack of momentum during upward moves, which makes the situation a bit uncertain.
Let me organize the key levels. Currently, the price is stuck at the 0.170 resistance level, with additional resistance at 0.175 and 0.180. Support levels are at 0.165 and 0.160.
The trading logic is actually very simple. If the price can hold above and break through 0.175, I will turn bullish, targeting 0.180, with a stop-loss at 0.172. Conversely, if it falls below 0.165, I will switch to a bearish stance, aiming for 0.160, with a stop-loss at 0.168. As for the range between 0.165 and 0.175? I choose to wait and see, not to trade lightly.
Currently, this movement is characterized by a divergence between volume and price, with mixed signals for bullish and bearish trends. My strategy is to wait until one side confirms before taking action. Breakouts need confirmation, and stop-losses should be tightly set; otherwise, this kind of market can easily shake out traders.