Recently, GMT has exhibited some noteworthy technical phenomena in the futures market. From the candlestick patterns, the volume-price relationship shows a clear divergence—after a sharp rally, there was a massive volume stagnation, which then evolved into a sideways consolidation with decreasing volume. This type of pattern typically indicates that the main force's momentum is waning, and signs of distribution are gradually emerging.
From a technical indicator perspective, the situation appears even more extreme. The overbought indicators RSI and KDJ have already reached rarely seen high levels in history, with values approaching the limit zone. When indicators reach such high levels, market sentiment is generally in a state of frenzy, and the pressure for a technical correction is often quite significant.
Combining the dual signals of volume exhaustion and extreme overbought conditions in the indicators, the expectation for a short-term correction seems to be strengthening. The specific direction still requires further observation of trading volume and price movements, but this timing indeed warrants caution.
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.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
NFTHoarder
· 5h ago
The massive stagnation in this wave is really a bit scary, RSI has already reached this level, the main force is probably going to dump.
---
After such a long consolidation, it feels like it's just waiting to crash... Better to be cautious.
---
Seeing indicator overbought many times, usually it doesn't end well.
---
Signs of distribution are already showing, if you don't cut now, you'll feel like you're at a disadvantage.
---
When will the pullback happen? I specifically bought in at a high level.
---
Exhaustion of volume + overbought, this combo punch is quite fierce.
---
It sounds nice to say it will fall, but can we be more direct...
---
This round of rally has probably reached its end, do I have a feeling or not?
---
With such strong pullback pressure, those who sold early have already made a profit.
View OriginalReply0
BankruptWorker
· 9h ago
Hmm... This wave of GMT signals is indeed a bit dangerous, both overbought indicators have reached the ceiling.
---
A large volume of stagnation followed by a decrease in volume and sideways trading, I've seen this pattern too many times, it smells strongly of main force distribution.
---
RSI and KDJ are both in extreme zones, what does that mean? The market is crazy, and technical pullback pressure is definitely not small.
---
Wait, such extreme indicators really require caution. Last time I ignored this signal, and I got hammered down.
---
Signs of distribution are emerging, I need to consider reducing my position, or else I’ll be caught.
---
I always feel that the recent high of GMT is a bit fake; after volume declines, there must be some trick.
---
Divergence between volume and price is the most terrifying, indicating that the main force is quietly slipping away.
---
Indicators reaching the limit usually signal a rebound? Or is it really going to fall? I can't quite understand this wave.
---
Short-term adjustment expectations are increasing, I’d better lock in profits first, as the risk at this position outweighs the opportunity.
View OriginalReply0
LuckyBearDrawer
· 01-09 16:54
GMT this wave is really a bit uncertain, a massive surge followed by stagnation is already quite uncomfortable, and the RSI has soared to the ceiling, a pullback is definitely unavoidable.
Signs of main force distribution are already evident, and some people are still chasing?
Watching the volume shrink and sideways trading like this, only when the volume is released will we know what’s really going on.
These technical signals stacked up, how do they feel like a bomb...
Indicators are extremely overbought, and the market sentiment is frantic... I just want to know where the next turning point is.
Divergence between volume and price is the most heartbreaking, indicating that the main force has already started to run away.
View OriginalReply0
ValidatorViking
· 01-09 16:53
rsi at those levels? yeah mate, been through this rodeo before. whale distribution patterns never lie—network resilience beats hype every single time.
Reply0
TestnetNomad
· 01-09 16:51
Massive volume with stagnation, this rhythm is incredible. It feels like the main force is quietly slipping away.
---
RSI and KDJ are both at the top. This frenzy probably won't last much longer.
---
Consolidating with low volume? Are they accumulating or distributing? Not feeling very confident.
---
By the way, this wave of correction is coming. Still, better keep some bullets.
---
Indicators are at extreme levels. In previous years, this would have been a time to take a hit.
---
The main force's momentum is waning. Brothers who are accumulating should be cautious.
---
After a massive volume, stagnation occurs. Old routine. Don't be fooled.
---
Technical correction faces high pressure. That phrase doesn't sound very good.
---
Dual signals are both firing. Being cautious now is definitely the right move.
---
What exactly is the consolidation doing? That group of main force players is too good at holding back.
Recently, GMT has exhibited some noteworthy technical phenomena in the futures market. From the candlestick patterns, the volume-price relationship shows a clear divergence—after a sharp rally, there was a massive volume stagnation, which then evolved into a sideways consolidation with decreasing volume. This type of pattern typically indicates that the main force's momentum is waning, and signs of distribution are gradually emerging.
From a technical indicator perspective, the situation appears even more extreme. The overbought indicators RSI and KDJ have already reached rarely seen high levels in history, with values approaching the limit zone. When indicators reach such high levels, market sentiment is generally in a state of frenzy, and the pressure for a technical correction is often quite significant.
Combining the dual signals of volume exhaustion and extreme overbought conditions in the indicators, the expectation for a short-term correction seems to be strengthening. The specific direction still requires further observation of trading volume and price movements, but this timing indeed warrants caution.