CLO/USDT is currently in a somewhat awkward position. The 15-minute chart shows a neutral trend, but the 1-hour RSI has already soared to 74.4, firmly in the overbought zone. Looking at the 4-hour timeframe, the trend is still okay, but trading volume has shrunk by nearly 60%, which is a hidden risk.
Let's talk about key levels. Currently around 0.43, this is the main battleground between bulls and bears. Looking upward, 0.445 and 0.46 are two resistance levels; looking downward, 0.415 and 0.40 are support levels.
From a trading perspective, a breakout above 0.445 could be considered for a long position, targeting 0.46, with a stop loss at 0.435. Conversely, if it falls below 0.415, consider switching to a short position, targeting 0.40, with a stop loss at 0.425. However, in the range between 0.415 and 0.445, my advice is to wait and see—either hold off for a clear breakout signal or try a small position to test the waters, and immediately exit if the level is broken.
My personal current choice is to stay on the sidelines. The 1-hour is already overbought and with insufficient volume, lacking confirmation momentum at 0.43. Instead of gambling in the middle, it's better to wait for a clear breakout signal, which will increase the probability of success.
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GweiWatcher
· 01-05 20:53
The trading volume has shrunk by 60%. This thing doesn't feel reliable. Let's wait for a breakout before making any moves.
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DegenRecoveryGroup
· 01-05 20:51
Trading volume has shrunk by 60%? That's outrageous, a typical false breakout signal.
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RSI 74.4 is indeed a bit crazy, but I see some people still holding on stubbornly.
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It's right to stay on the sidelines; the middle position is where money is made. I'll also temporarily hold back.
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Breaking 0.415 is a big deal; it feels like a dip is coming.
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Trying with a small position is fine, just worried about a sudden plunge that could trigger stop-loss and cause a blow-up.
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This move is a bit strange; how can the trading volume be so trash and still push higher?
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If it can't break through 0.445, it probably needs to retest support.
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¯\_(ツ)_/¯
· 01-05 20:47
With such weak volume, RSI at 74.4, still want to go higher? I wouldn't dare to buy in.
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SchroedingerGas
· 01-05 20:45
The shrinking volume is really a trap; waiting for a breakout signal is a solid move.
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MEVHunter_9000
· 01-05 20:34
With such虚 volume, I am also a wait-and-see type. 0.43 is indeed awkward; if I say break through, it's not exciting, if I say drop, the support is still there. Better to wait for a clear signal.
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RSI soaring to 74 is a bit fierce, but I still don't quite believe this wave can directly break through 0.445. The trading volume shrinking so much is indeed unsettling.
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Trying with a small position sounds good, but I'm just worried that one try might get me trapped, making stop-losses uncomfortable.
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0.415 is the real test; only after breaking this will we know the next move. For now, I do nothing.
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This wave of market action is a bit strange; the volume doesn't match the price increase, always feeling like a trap.
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SnapshotLaborer
· 01-05 20:29
I also noticed the shrinking volume; I feel this wave is a bit weak, better to wait for a signal before acting.
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Overbought to this extent and still entangled at 0.43, if it can't break 0.445, there's really no point.
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I'm also in a wait-and-see mode. Following this kind of middle position is really easy to get caught.
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RSI soaring to 74 and still daring to chase longs, really brave.
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Trading volume has shrunk by 60%, that's the most painful part, the risk ahead is not small.
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Between 0.415 and 0.445 is a trap, sorry I won't enter.
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Waiting for a breakout signal is a good decision, much better than messing around.
CLO/USDT is currently in a somewhat awkward position. The 15-minute chart shows a neutral trend, but the 1-hour RSI has already soared to 74.4, firmly in the overbought zone. Looking at the 4-hour timeframe, the trend is still okay, but trading volume has shrunk by nearly 60%, which is a hidden risk.
Let's talk about key levels. Currently around 0.43, this is the main battleground between bulls and bears. Looking upward, 0.445 and 0.46 are two resistance levels; looking downward, 0.415 and 0.40 are support levels.
From a trading perspective, a breakout above 0.445 could be considered for a long position, targeting 0.46, with a stop loss at 0.435. Conversely, if it falls below 0.415, consider switching to a short position, targeting 0.40, with a stop loss at 0.425. However, in the range between 0.415 and 0.445, my advice is to wait and see—either hold off for a clear breakout signal or try a small position to test the waters, and immediately exit if the level is broken.
My personal current choice is to stay on the sidelines. The 1-hour is already overbought and with insufficient volume, lacking confirmation momentum at 0.43. Instead of gambling in the middle, it's better to wait for a clear breakout signal, which will increase the probability of success.