Looking at the recent BDXN market, the apparent increase is decent, but I have to be honest—risks are accumulating.
**The data is right here**: The 15-minute RSI reached 70, approaching overbought; the 1-hour RSI hit 74, overheating; on the 4-hour chart, it's even more exaggerated, with RSI soaring to 84, already extremely overbought, with a hard 13% increase. Sounds great, right? But here’s the problem—the trading volume has shrunk to only 3.4%. What does this mean? No one is trading during the rise, and no funds are coming in. This kind of shrinking volume combined with overbought conditions is dangerous just to think about.
**I’ve identified the key levels**: - Current price is stuck at the psychological barrier of 0.0300 - Higher levels are 0.0310 and 0.0325 - Support levels below are 0.0290 and 0.0270
**My thoughts on how to operate**: If the price can break through 0.0310, try a small long position, targeting 0.0325, but set the stop-loss at 0.0295. If it drops below 0.0290, then switch to short or just watch, waiting for 0.0270 to test. At this price level? I choose not to chase. Better to wait for a pullback or a volume breakout before acting, rather than getting caught.
If I had to suggest an aggressive plan: only enter a small position after a confirmed breakout above 0.0310, with an entry around 0.0312, a stop-loss below 0.0295, and a target at 0.0325. But honestly, given the current overheated state, this risk-reward ratio is just so-so. It’s better to cut the position size in half and prioritize risk management.
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LightningHarvester
· 9h ago
The combination of shrinking volume and overbought conditions is very familiar to me. If you come out to mix, you'll have to pay back sooner or later. Let's wait until a breakdown.
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NonFungibleDegen
· 10h ago
yo that RSI 84 is actually insane ngl... volume's dead tho, classic pump trap energy. ima wait for the dump, not falling for this one ser
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MetaLord420
· 01-15 19:20
The pattern of volume shrinking and breaking the top is now just a trap to catch bagholders.
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DYORMaster
· 01-15 14:53
The pattern of shrinking volume and rising price is seen too often. RSI84 is almost overbought, and you're still chasing? I wouldn't touch it.
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quietly_staking
· 01-15 14:52
I'm very familiar with the pattern of shrinking volume and rising prices; nine out of ten times it backfires.
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AirdropHunter420
· 01-15 14:49
The volume shrinks and the overbought condition, this is a trap, I won't take it.
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TokenomicsDetective
· 01-15 14:48
With such sneaky volume, daring to boast about a 13% increase? I don't believe this wave can hold steady at 0.0310.
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MeaninglessApe
· 01-15 14:42
The shrinking volume limit-up game, I've seen this trick many times, if it can't break 0.031, it's doomed
Looking at the recent BDXN market, the apparent increase is decent, but I have to be honest—risks are accumulating.
**The data is right here**: The 15-minute RSI reached 70, approaching overbought; the 1-hour RSI hit 74, overheating; on the 4-hour chart, it's even more exaggerated, with RSI soaring to 84, already extremely overbought, with a hard 13% increase. Sounds great, right? But here’s the problem—the trading volume has shrunk to only 3.4%. What does this mean? No one is trading during the rise, and no funds are coming in. This kind of shrinking volume combined with overbought conditions is dangerous just to think about.
**I’ve identified the key levels**:
- Current price is stuck at the psychological barrier of 0.0300
- Higher levels are 0.0310 and 0.0325
- Support levels below are 0.0290 and 0.0270
**My thoughts on how to operate**:
If the price can break through 0.0310, try a small long position, targeting 0.0325, but set the stop-loss at 0.0295. If it drops below 0.0290, then switch to short or just watch, waiting for 0.0270 to test. At this price level? I choose not to chase. Better to wait for a pullback or a volume breakout before acting, rather than getting caught.
If I had to suggest an aggressive plan: only enter a small position after a confirmed breakout above 0.0310, with an entry around 0.0312, a stop-loss below 0.0295, and a target at 0.0325. But honestly, given the current overheated state, this risk-reward ratio is just so-so. It’s better to cut the position size in half and prioritize risk management.