#密码资产动态追踪 DATA coin 1-hour chart battle: bullish signals strong but avoid chasing highs
DATA/USDT is currently trading near 0.00536, up 2.29% over the past two days, which looks quite attractive. But we need to stay calm—there are some technical signals worth being cautious about.
First, the good news—price has been holding above the middle band of the Bollinger Bands, indicating that buyers have control of the situation. MACD is also positive and continuing to rise, showing sustained buying interest. But there's a trap to watch: RSI (10) has surged to 71.72, which has entered the overbought zone. This level typically tends to trigger technical pullbacks.
Key price levels are set up this way: a break above 0.00542 is a watershed—if we can hold steadily there, there could be even bigger moves; on the downside, 0.00523 (Bollinger Bands middle band) and 0.00510 are two lines of defense, especially 0.00523 cannot break.
Here's the practical advice: momentum is indeed there, but don't get swept up in the action chasing highs. The safest approach is to wait for price to return near support levels before gradually building positions, or wait until it cleanly breaks through resistance and establishes itself. Set your stop loss properly—that's not optional.
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#密码资产动态追踪 DATA coin 1-hour chart battle: bullish signals strong but avoid chasing highs
DATA/USDT is currently trading near 0.00536, up 2.29% over the past two days, which looks quite attractive. But we need to stay calm—there are some technical signals worth being cautious about.
First, the good news—price has been holding above the middle band of the Bollinger Bands, indicating that buyers have control of the situation. MACD is also positive and continuing to rise, showing sustained buying interest. But there's a trap to watch: RSI (10) has surged to 71.72, which has entered the overbought zone. This level typically tends to trigger technical pullbacks.
Key price levels are set up this way: a break above 0.00542 is a watershed—if we can hold steadily there, there could be even bigger moves; on the downside, 0.00523 (Bollinger Bands middle band) and 0.00510 are two lines of defense, especially 0.00523 cannot break.
Here's the practical advice: momentum is indeed there, but don't get swept up in the action chasing highs. The safest approach is to wait for price to return near support levels before gradually building positions, or wait until it cleanly breaks through resistance and establishes itself. Set your stop loss properly—that's not optional.