0GUSDT has reached an extremely overbought level after a significant rally, and sellers may be preparing to enter.
Go short now $0GUSDT
Entry: 0.7160 – 0.7200
Stop loss: 0.7250
First target: 0.6350
Second target: 0.5340
Third target: 0.5100
The recent upward momentum seems to have reached its limit, with RSI soaring above 90, indicating extreme exhaustion of buying pressure. Although the trend remains strong, such an extreme overbought condition is usually a precursor to a deep correction. Sellers are waiting for this exhaustion signal to appear. Once selling pressure surpasses exhausted buying, a significant downward correction is expected.
Trade here $0GUSDT 👇
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.
0GUSDT has reached an extremely overbought level after a significant rally, and sellers may be preparing to enter.
Go short now $0GUSDT
Entry: 0.7160 – 0.7200
Stop loss: 0.7250
First target: 0.6350
Second target: 0.5340
Third target: 0.5100
The recent upward momentum seems to have reached its limit, with RSI soaring above 90, indicating extreme exhaustion of buying pressure. Although the trend remains strong, such an extreme overbought condition is usually a precursor to a deep correction. Sellers are waiting for this exhaustion signal to appear. Once selling pressure surpasses exhausted buying, a significant downward correction is expected.
Trade here $0GUSDT 👇