HANA has shown interesting divergence in this wave of market movement. The 1-hour RSI has already hit 72, feeling a bit overbought, but looking at the 4-hour chart is even more astonishing—RSI surges to 83, indicating a severe overbought condition. The most painful part is that the trading volume during this rally has shrunk by 98%, with clearly insufficient momentum to push higher.
From different timeframes, the 15-minute RSI is still hovering around 56, indicating short-term weakness; the 1-hour MACD histogram is contracting, showing decreasing energy; and on the 4-hour chart, the RSI at 83 in extreme overbought territory makes the structure look very fragile.
Price-wise, it’s currently stuck at the psychological level of 0.0200. Looking upward, resistance is at 0.0208 and 0.0220; downward, support is at 0.0192 and 0.0175.
Regarding trading opportunities, if the price can break above 0.0208, consider a small long position with a target of 0.0220 and a stop-loss at 0.0200; if it falls below 0.0192, switch to a short position targeting 0.0175, with the same stop-loss at 0.0200. However, the safest choice is to stay on the sidelines within this range and avoid participating.
Personally, I prefer to stay on the sidelines. The combination of extreme overbought conditions on the 4-hour chart and completely exhausted volume clearly indicates high risk, making it more important to be cautious than to chase opportunities. Sometimes, not making a decision is the best decision—better to miss a rally than to get caught in a trap.
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VCsSuckMyLiquidity
· 01-21 11:56
A 98% drop in trading volume and still daring to chase—this isn't courage, it's gambling.
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TradingNightmare
· 01-21 11:56
Trading volume shrank by 98%. Still daring to chase? This is the real risk.
It's really okay to wait and see; RSI 83 is not confidence, but a warning.
Better to miss out than to buy the dip. I just don't believe it can go higher.
I'm tired of this lousy level; it's not interesting.
Shorting is a sophisticated move; blindly chasing the rise is just giving away money.
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MEVHunterX
· 01-21 11:52
Trading volume shrank by 98% yet the price is still rising, this is unbelievable. An RSI of 83 is indeed a bit crazy. I also think it's more reliable to stay on the sidelines.
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ContractTearjerker
· 01-21 11:42
RSI 83 is almost off the charts, and the trading volume has shrunk by 98%, this is unbelievable.
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OnchainDetective
· 01-21 11:38
The trading volume shrank by 98% yet still dares to push higher, this is outrageous, it's right to stay on the sidelines.
HANA has shown interesting divergence in this wave of market movement. The 1-hour RSI has already hit 72, feeling a bit overbought, but looking at the 4-hour chart is even more astonishing—RSI surges to 83, indicating a severe overbought condition. The most painful part is that the trading volume during this rally has shrunk by 98%, with clearly insufficient momentum to push higher.
From different timeframes, the 15-minute RSI is still hovering around 56, indicating short-term weakness; the 1-hour MACD histogram is contracting, showing decreasing energy; and on the 4-hour chart, the RSI at 83 in extreme overbought territory makes the structure look very fragile.
Price-wise, it’s currently stuck at the psychological level of 0.0200. Looking upward, resistance is at 0.0208 and 0.0220; downward, support is at 0.0192 and 0.0175.
Regarding trading opportunities, if the price can break above 0.0208, consider a small long position with a target of 0.0220 and a stop-loss at 0.0200; if it falls below 0.0192, switch to a short position targeting 0.0175, with the same stop-loss at 0.0200. However, the safest choice is to stay on the sidelines within this range and avoid participating.
Personally, I prefer to stay on the sidelines. The combination of extreme overbought conditions on the 4-hour chart and completely exhausted volume clearly indicates high risk, making it more important to be cautious than to chase opportunities. Sometimes, not making a decision is the best decision—better to miss a rally than to get caught in a trap.