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Looking at the recent trend of the TLM contract, the technical signals indeed indicate danger.
From the indicator perspective, the four-hour RSI has soared to 89.5, entering the territory of extreme overbought. The one-hour RSI is also at 78, although it hasn't turned over yet, the overbought pressure is evident. In contrast, the 15-minute RSI has dropped to 60, showing that short-term momentum is clearly weakening.
Even more concerning is the trading volume—shrinking by 99.7%. What does this mean? It indicates that the original trading enthusiasm has evaporated almost entirely, leaving only a trace. In this "volume vacuum" environment, the previous upward support has completely disappeared.
Regarding specific levels, to be honest—current data is problematic. The price shows anomalies (0.00), and the trading volume is also suspiciously off. In this situation, discussing resistance or support levels is just playing tricks.
**My advice is: stay cautious and observe for now.** Don't rush to place orders; wait until the data returns to normal. Entering the market at this point carries too high a risk, no matter how tempting the potential gains are, safety first. Once all indicators are confirmed accurate, then re-analyze technically and consider strategies.
*Disclaimer: This is solely my personal technical analysis opinion and not investment advice.*