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GMT has been signaling bullishness in recent cycles, but the problem is that the 1-hour and 4-hour RSI are already overheated.
Looking closely: the 15-minute RSI is only 66.7, which is still healthy, but the 1-hour RSI has already soared to 74.2. The MACD golden cross is indeed impressive, and the trend is very strong. Even more alarming is the 4-hour RSI jumping directly to 81.9. Once such overbought levels trigger a correction, the severity can be imagined.
In terms of price levels, it is currently stuck at the psychological barrier of 0.0200. Looking upward, 0.0205 is a key point, and beyond that is 0.0212. Downward, support must hold at 0.0195; if this level breaks, the next support is at 0.0188.
Honestly, chasing high at this point is like gambling with the market. My simple idea is—wait. Either the price falls back to around 0.0195 and stabilizes before considering going long, or let it break through 0.0205 forcefully. In that case, following from the right side would be more reliable. Overheated markets that are forced to endure will only get slapped in the face; better to miss out than get trapped.
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Waiting for a dip is the right move. I'm also watching the 0.0195 level.
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The 4-hour at 81.9 is indeed a bit stretched. The pullback will really hurt.
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I agree with following this idea on the right side; it's much safer than blindly chasing.
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Getting stuck at 0.0200 is just a vicious cycle—either it explodes or crashes, there's no point in the middle.
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Better to miss a wave than to be painfully trapped at a high level. That really hits home.
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Wait for confirmation on the right side before entering. You can't rush a rookie.
Wait, breaking out on the right side is the real deal.
This rhythm right now is a honey trap; how bad will the pullback be?
If 0.0195 can't hold, it will explode directly.
If you don't understand what right-side follow-up means, you can first see how others are trapped.
The higher the heat, the more dangerous it is. I choose to lie flat.
If you chase high this wave and get smashed down, I’ll die laughing.
RSI 81.9—what does that mean? It’s telling you to run.
Better to miss the rise than to lose money—that’s the winning mindset.
Wait for confirmation before entering the market; anyway, there will always be opportunities.
I'm already flat at 0.0212, your strategy is really solid.
Don't chase the high. Hearing this over and over can still get you caught up.