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Seeing 4 rise by 9%, everyone is following suit. But upon closer inspection, the data looks a bit strange—trading volume has actually shrunk by 97.5%? What's going on?
It seems that the RSI across all timeframes is still relatively rational, with no extreme overheating. The problem is that the 1-hour MACD histogram has already turned negative, while the price is still going up. This is a classic technical divergence signal. Simply put, it looks more like a small amount of internal funds playing tricks on themselves, not a genuine demand explosion.
At the current level of 0.03 USDT, the market sentiment is clearly overheated. My idea is to operate in the opposite direction, but absolutely not to act recklessly.
**Trading Plan**: Try shorting at the current position, but quickly verify if it works. Entry point around 0.030( or add to the position if it rebounds to 0.031). Set stop-loss at 0.032, which is the critical point where the hourly chart shows clear support. For targets, first look at 0.028, then at 0.026.
If the price suddenly surges through 0.032 with volume, then my contrarian approach will have to admit defeat, and I will exit and wait. Trading is like this—don't go against the trend just for the sake of going against it.