GUN's recent movement indeed makes people feel conflicted. The RSI across three timeframes is flashing red signals—15 minutes at 72.6, 1 hour at 74.4, and the 4-hour RSI has directly surged to 80. This is no longer just overbought; it's a serious overheating signal.
But here's the interesting part. Although the short-term is overheated, the 1-hour MACD still maintains a golden cross, and the 4-hour trend remains strong, indicating that the bulls are still in control. The problem is that trading volume is shrinking, which usually means a lack of momentum moving forward.
Currently, the psychological key level is 0.0300. The next levels to watch are whether 0.0310 and 0.0325 can break through, while below, there are two lines of defense at 0.0290 and 0.0275.
Honestly, chasing long positions at the current price is a bit risky. If entering the market, wait for two scenarios: one is a rebound to around 0.0275 with stabilization before going long; the other is a strong breakout above 0.0310 followed by a pullback for a follow-up entry. As for the 0.0310 level, if it doesn't break, stay on the sidelines; if it falls below 0.0290, cut losses immediately—don't be blinded by the short-term strong trend.
I personally prefer to stay on the sidelines. Missing a wave of gains is no big deal; rushing in without proper signals could hurt the principal. Wait for clearer signals before taking action, so you can keep a comfortable mindset.
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MetaverseHomeless
· 01-12 07:38
Damn, RSI is directly at 80. Who dares to chase? Just wait for a pullback.
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LuckyHashValue
· 01-11 01:50
RSI is all the way into the red, and you're still chasing? I advise you to be rational. This breakdown at 0.0290, just go all-in with a stop-loss and walk away.
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HalfIsEmpty
· 01-09 08:51
The detail of shrinking volume is truly critical; it looks like the bulls are at the end of their strength.
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BoredRiceBall
· 01-09 08:51
Oh my, RSI80 has already exploded. Are you still chasing longs? My mind isn't broken.
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Waiting and watching is the right move; those caught in the trap are just greedy.
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It's good to point out the shrinking volume; a strong trend can be deceptive.
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Re-enter after stabilizing at 0.0275, otherwise you're just giving money to the whales.
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This wave of market movement is a bit strange, feels like it's going to crash.
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If it can't break 0.0310, give up; don't gamble.
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A comfortable mindset is the foundation of making money. This statement is true.
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just_vibin_onchain
· 01-09 08:45
The RSI of 80 is truly amazing; this is the gambler's playground.
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PensionDestroyer
· 01-09 08:33
Damn, RSI is already overbought and you still want to chase? This is just the prelude to cutting losses.
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hodl_therapist
· 01-09 08:28
RSI is turning from red to black, and the volume is still shrinking. This tricky position is really hard to predict.
GUN's recent movement indeed makes people feel conflicted. The RSI across three timeframes is flashing red signals—15 minutes at 72.6, 1 hour at 74.4, and the 4-hour RSI has directly surged to 80. This is no longer just overbought; it's a serious overheating signal.
But here's the interesting part. Although the short-term is overheated, the 1-hour MACD still maintains a golden cross, and the 4-hour trend remains strong, indicating that the bulls are still in control. The problem is that trading volume is shrinking, which usually means a lack of momentum moving forward.
Currently, the psychological key level is 0.0300. The next levels to watch are whether 0.0310 and 0.0325 can break through, while below, there are two lines of defense at 0.0290 and 0.0275.
Honestly, chasing long positions at the current price is a bit risky. If entering the market, wait for two scenarios: one is a rebound to around 0.0275 with stabilization before going long; the other is a strong breakout above 0.0310 followed by a pullback for a follow-up entry. As for the 0.0310 level, if it doesn't break, stay on the sidelines; if it falls below 0.0290, cut losses immediately—don't be blinded by the short-term strong trend.
I personally prefer to stay on the sidelines. Missing a wave of gains is no big deal; rushing in without proper signals could hurt the principal. Wait for clearer signals before taking action, so you can keep a comfortable mindset.