STX rebounded nicely today, rising over 11% from the lows. But looking at the technicals, the issue is—on the 1-hour and 4-hour RSI are at 67.4 and 64.35 respectively, which are already in the overbought zone, indicating short-term buying pressure is quite strong. More importantly, the trading volume has shrunk by 63.1%, suggesting that the upward momentum may be weakening.
Recently, my own trades haven't been smooth, with several small losses in a row. Trading is never about rushing. Market fluctuations are normal; there are ups and downs, profits and losses. When in a bad state, forcing an entry is often like betting on the wrong side, leading to more pain. It's better to pause and wait, to see if clearer entry signals emerge.
**The current strategy is to stay on the sidelines.** If the price can retest and hold above key support levels, then it's worth reconsidering. Otherwise, let this overbought correction run its course, and wait for higher-confidence opportunities before acting. The market is always there; there's no need to rush.
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STX rebounded nicely today, rising over 11% from the lows. But looking at the technicals, the issue is—on the 1-hour and 4-hour RSI are at 67.4 and 64.35 respectively, which are already in the overbought zone, indicating short-term buying pressure is quite strong. More importantly, the trading volume has shrunk by 63.1%, suggesting that the upward momentum may be weakening.
Recently, my own trades haven't been smooth, with several small losses in a row. Trading is never about rushing. Market fluctuations are normal; there are ups and downs, profits and losses. When in a bad state, forcing an entry is often like betting on the wrong side, leading to more pain. It's better to pause and wait, to see if clearer entry signals emerge.
**The current strategy is to stay on the sidelines.** If the price can retest and hold above key support levels, then it's worth reconsidering. Otherwise, let this overbought correction run its course, and wait for higher-confidence opportunities before acting. The market is always there; there's no need to rush.
Slowing down is to see the road clearly.