LQTY/USDT this wave of market movement is quite interesting. The 1-hour RSI has already surged to 72, and the MACD is also showing a golden cross, indicating that the bulls are exerting effort. But the problem is—trading volume is clearly shrinking, which is a hidden risk.
Looking at multiple timeframes, the 15-minute RSI is at 61, neutral leaning weak; the dominant sentiment on the 1-hour chart is bullish, no doubt, but it’s overheated; the 4-hour chart RSI is also at 61, but the structure of this upward channel is still relatively intact.
Key levels to remember: the current battle is at 0.43, with two resistance levels at 0.445 and 0.46, and support levels below at 0.418 and 0.40.
How to operate? My approach is as follows: if it breaks above 0.445, then go long, targeting 0.46, but set the stop-loss at 0.435. When volume is insufficient, a break below means you should exit quickly—no hesitation. Conversely, if it falls below 0.418, then switch to a short position, looking at the lower support at 0.40, with the same stop-loss at 0.425. In the range between 0.43 and 0.445, I prefer to wait and not act until the direction is confirmed.
My own plan is to wait for this breakout. Once it confirms above 0.445, enter at 0.446, target 0.46, and set a tight stop-loss at 0.435. The key is volume—if trading volume doesn’t pick up, even if it breaks the level, be cautious and don’t be greedy.
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SellTheBounce
· 01-19 20:34
Decreasing volume is a big trap. The moment it breaks, it's nine out of ten times just a rebound. History always repeats itself.
Breaking below 0.40 is the real entry point; don't play the game of catching a rebound and taking on the risk.
RSI72 is already screaming. I've seen too many overheated rebounds like this, and a sharp decline is imminent.
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MetaReckt
· 01-19 14:02
Decreasing volume is a trap; RSI hitting 72 easily leads to a false breakout. I don't believe this bullish wave.
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EntryPositionAnalyst
· 01-18 20:41
The shrinking volume is a trap. Although the RSI surged this wave, it doesn't really indicate a bullish continuation.
I won't move before breaking 0.445; it's too easy to get cut.
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SocialFiQueen
· 01-17 05:52
Reduce volume and break through, then run; otherwise, get ready to be trapped.
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ProxyCollector
· 01-17 05:49
The shrinking volume is the most heartbreaking. RSI breaking 72 looks satisfying, but without volume support, it's just a paper tiger.
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TokenVelocityTrauma
· 01-17 05:47
Still daring to chase with shrinking volume? This is just the beginning of a margin call, brother.
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AlwaysQuestioning
· 01-17 05:44
Be cautious about the shrinking volume; a breakdown can easily be reversed.
RSI72 is clearly overheated; a pullback is only a matter of time.
I'm also waiting in the 0.43 to 0.445 range, confirming the direction before entering, greed will only lead to death.
Break below 0.418 and switch to short immediately, don't try to bottom fish.
The key in this wave is still the volume; a rise without volume is false, and it's okay to exit quickly.
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blocksnark
· 01-17 05:36
Still daring to push despite shrinking volume? This is a trap, brother.
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retroactive_airdrop
· 01-17 05:33
The shrinking volume is a warning bell for me; RSI 72 is a bit too hot.
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SleepyArbCat
· 01-17 05:25
The shrinking volume is really a hidden danger. When a breakdown occurs without accompanying trading volume, it's just a fake breakout trick. I really dislike this kind of situation.
LQTY/USDT this wave of market movement is quite interesting. The 1-hour RSI has already surged to 72, and the MACD is also showing a golden cross, indicating that the bulls are exerting effort. But the problem is—trading volume is clearly shrinking, which is a hidden risk.
Looking at multiple timeframes, the 15-minute RSI is at 61, neutral leaning weak; the dominant sentiment on the 1-hour chart is bullish, no doubt, but it’s overheated; the 4-hour chart RSI is also at 61, but the structure of this upward channel is still relatively intact.
Key levels to remember: the current battle is at 0.43, with two resistance levels at 0.445 and 0.46, and support levels below at 0.418 and 0.40.
How to operate? My approach is as follows: if it breaks above 0.445, then go long, targeting 0.46, but set the stop-loss at 0.435. When volume is insufficient, a break below means you should exit quickly—no hesitation. Conversely, if it falls below 0.418, then switch to a short position, looking at the lower support at 0.40, with the same stop-loss at 0.425. In the range between 0.43 and 0.445, I prefer to wait and not act until the direction is confirmed.
My own plan is to wait for this breakout. Once it confirms above 0.445, enter at 0.446, target 0.46, and set a tight stop-loss at 0.435. The key is volume—if trading volume doesn’t pick up, even if it breaks the level, be cautious and don’t be greedy.