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BLUR/USDT's recent trend is quite interesting. The 15-minute and 1-hour RSI have already surged to 82 and 86, indicating serious overbought signals. But this doesn't mean we should go short immediately, because the 4-hour chart trend remains strong, which makes it a bit more intriguing.
The most concerning thing is the trading volume, which has shrunk by -96%, and this is the real hidden danger. Exhausted volume often signals that upward momentum is about to run out.
Let's look at the key levels:
Currently stuck at the strong resistance zone of 0.0400, with resistance levels at 0.0415 and 0.0430. The support levels below are 0.0385 and 0.0360.
How to play this? Here's my thinking:
If BLUR breaks through 0.0415, then go long, targeting 0.0430, with a stop loss at 0.0405. If it falls below 0.0385, then switch to short, targeting 0.0360, with a stop loss at 0.0395.
But right now, it's hovering around 0.0400, so I choose to **wait and see**. Instead of chasing the high, it's better to wait and see whether it breaks through or drops sharply. Once the direction is clear, set a stop loss immediately when breaking the level—no need to hesitate.
It's correct to wait and see; chasing highs now is just asking for trouble.
Wait for a breakdown, and once the direction is confirmed, stop loss immediately—don't be greedy.
Watch the 0.0400 level carefully; otherwise, just go in directly.
If it gets stuck at 0.0400, just let it be. I'm also observing; since the direction is unclear, better not to move.