LYN's recent trend is quite interesting. The 1-hour RSI has already surged to 78, and the MACD golden cross looks promising, but the problem is—trading volume has shrunk by 90%, which is a classic sign of divergence between price and volume.



The performance across different timeframes shows clear differences: the 15-minute RSI at 66 is still neutral, while the 1-hour RSI at 78 does have some overbought signals. The 4-hour RSI at 71, although still showing a strong structure, also warrants caution for a potential pullback.

Currently, the psychological level of 0.100 is just below our feet. The resistance levels above are at 0.105 and 0.112, while the support levels below are at 0.095 and 0.088.

From a trading perspective, if the price breaks through 0.105, consider going long with a target at 0.112 and a stop-loss at 0.102. Conversely, if it falls below 0.095, switch to a short position with a target at 0.088 and a stop-loss at 0.098. The most prudent approach at this position is to stay on the sidelines.

Honestly, chasing high during divergence between volume and price often leads to getting caught. It's better to wait until a clear breakout or breakdown at these key levels before taking action. When the direction is confirmed, then move. Given the recent market volatility, instead of betting on an uncertain rebound, it's wiser to wait for confirmation. Missing one opportunity is better than making a wrong move.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
HalfPositionRunnervip
· 14h ago
I've seen too many tricks like price-volume divergence. Maybe I should stay on the sidelines for now and wait until the breakout is confirmed.
View OriginalReply0
PriceOracleFairyvip
· 01-21 04:43
volume's doing that classic disappearing act again... 90% down while RSI's screaming 78? that's the oracle whispering something we're not supposed to hear yet ngl
Reply0
FOMOSapienvip
· 01-21 04:41
I've seen the divergence between price and volume too many times, and in the end, it always turns out to be a face slap.
View OriginalReply0
just_another_fishvip
· 01-21 04:40
I've seen many cases of price-volume divergence; those who still dare to chase high at RSI 78 are just cannon fodder.
View OriginalReply0
AirdropHuntervip
· 01-21 04:27
I've seen this kind of divergence between price and volume many times; every time, those chasing the high get trapped and lose everything. But let's see if the 0.105 level breaks first.
View OriginalReply0
PonziDetectorvip
· 01-21 04:24
I've seen many cases of volume-price divergence, and in the end, it's always a story of retail investors bleeding tears. Still daring to chase after a 90% drop in trading volume? That's why I keep watching people get liquidated. If the 0.095 level can't hold, just run away directly. Don't gamble against the market.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)