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.
STX0,72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-cfd6fd92vip
· 01-10 13:06
New Year Wealth Explosion 🤑
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt