$XTZ
Current technical analysis:
- The price is fluctuating around 1.597 USDT
- XTZ has surged strongly from the 1.3 zone and is currently in an uptrend
- The RSI is at 67.85, indicating that the upward momentum is still present but is approaching the overbought area
- The MACD remains above the signal line, showing bullish momentum
- The trading volume is active with a net inflow of 1.65M over 24 hours
Possible scenarios:
1. Continuation scenario (probability 40%):
- Target: Test the 1.70-1.75 USDT range
- Condition: Break through the resistance at 1.65 with good volume
- Stop loss: 1.55 USDT
2. Adjustment scenario (probability 45%):
- Pullback to test the 1.50-1.55 USDT range
- High RSI may lead to short-term profit-taking
- This could be a good buying opportunity if the support zone holds
3. Reversal scenario (probability 15%):
- Price returns to the 1.40-1.45 USDT range
- Occurs if support at 1.50 is lost with high volume
- RSI creates negative divergence
Recommendations:
- Current position: Trailing stop at 1.55
- New position: Wait for a pullback to 1.50-1.55 to buy
- Risk management: Do not chase buys at the current price level due to high RSI
- Monitor volume to confirm the trend