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Looking at the recent BDXN market, the apparent increase is decent, but I have to be honest—risks are accumulating.
**The data is right here**: The 15-minute RSI reached 70, approaching overbought; the 1-hour RSI hit 74, overheating; on the 4-hour chart, it's even more exaggerated, with RSI soaring to 84, already extremely overbought, with a hard 13% increase. Sounds great, right? But here’s the problem—the trading volume has shrunk to only 3.4%. What does this mean? No one is trading during the rise, and no funds are coming in. This kind of shrinking volume combined with overbought conditions is dangerous just to think about.
**I’ve identified the key levels**:
- Current price is stuck at the psychological barrier of 0.0300
- Higher levels are 0.0310 and 0.0325
- Support levels below are 0.0290 and 0.0270
**My thoughts on how to operate**:
If the price can break through 0.0310, try a small long position, targeting 0.0325, but set the stop-loss at 0.0295. If it drops below 0.0290, then switch to short or just watch, waiting for 0.0270 to test. At this price level? I choose not to chase. Better to wait for a pullback or a volume breakout before acting, rather than getting caught.
If I had to suggest an aggressive plan: only enter a small position after a confirmed breakout above 0.0310, with an entry around 0.0312, a stop-loss below 0.0295, and a target at 0.0325. But honestly, given the current overheated state, this risk-reward ratio is just so-so. It’s better to cut the position size in half and prioritize risk management.