Friends, we want to try a new section with a brief overview of coins from the point of view of technical analysis, which show the highest trading volumes. If we see interest and collect more than 50 likes, we will continue to post similar articles. 👍
The coin is moving within the medium-term ascending channel and now the price is at the upper border of this channel. Indicators are in the overbought zone and volume has begun to grow.
Look what happens to the price when the indicator enters the overbought zone and volume begins to grow strongly - the price begins to correct.
Now is not the best time to buy, it is better to wait for a pullback to at least $0.48
After breaking out of the downward trend, the coin set off to conquer new heights without rollbacks downwards. The price has now hit the resistance level and the profile volume level. Volumes are growing, and indicators are very overbought.
Not the best time to buy, although there is a high chance that the price will go higher without a pullback. But a rollback can happen at any time and it will be quite deep with an immediate buyback. Ideally, catch a coin in the region of $0.7-0.78. And this is a rollback of -18% for a second!
What is happening with this coin defies logic, but they don’t argue with the market. The coin broke through the bearish figure upward and, apparently, began to grow due to the liquidation of short sellers. The indicators are so overbought that the last time these indicators were at the peak of the 2021 bull market!
We recommend not to go shopping for this coin at all, since even if growth continues, its risk and profit potential is very poor. The slightest downward movement will lead to massive liquidation of positions and a fall of at least -40%.
This is the case when the train has already left and you definitely shouldn’t jump on it.
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
✔️ Then subscribe to the channel and like
➡️ #cassius_trade Look for us on social networks
