Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Looking at the trend of BROCCOLI714/USDT, this coin is currently a bit awkward.
The 15-minute RSI has already surged to 84, indicating a serious overbought condition, and short-term pullback pressure definitely exists. But when you look at the 1-hour and 4-hour levels, the trend is still upward, which is a noteworthy detail. Where is the problem? The trading volume has shrunk to -97%, which is the real hidden danger.
I have analyzed the performance across three different timeframes:
On the 15-minute chart, RSI is at 84, a typical overheat signal. The 1-hour RSI is at 67, and although the MACD histogram has just turned positive, it is still below the zero line, so the trend is still in the confirmation stage. The 4-hour chart is relatively healthier, with RSI at 59, having increased by 17%, showing a clear bullish bias.
I’ve marked the key levels:
- Current price at the psychological level of 0.0300
- Resistance above at 0.0310 and 0.0325
- Support below at 0.0290 and 0.0275
The trading logic is quite clear: if the price breaks through 0.0310, go long with a target of 0.0325, and set a stop loss at 0.0295. Conversely, if it falls below 0.0290, switch to a short position, aiming for 0.0275, with a stop loss at 0.0305. The range between 0.0290 and 0.0310? Wait and see, do not participate.
Honestly, the current situation is: the bullish potential is still there, but the short-term overheating is obvious, and the trading volume is severely lacking. Pushing hard now could easily lead to a setback. My approach is to wait for a confirmed breakout or breakdown, choose the right direction, and then act. Time will give the answer.