Several altcoins are flashing interesting technical signals on the 1-hour chart right now. SENT, ZRC, ACH, ZAMA, and SAGA are showing RSI overbought conditions, suggesting potential pullback opportunities. Meanwhile, GRIFFAIN, HANA, MYX, TUT, BANANAS31, MUBARAK, VELVET, NIGHT, INIT, GLM, and PAXG are displaying RSI oversold readings.
These technical extremes often precede reversal moves or consolidation phases. Traders watching these pairs should monitor support/resistance levels closely. The overbought group might face profit-taking pressure, while oversold tokens could see bounce attempts if buying interest emerges. Classic mean reversion setups worth keeping on the radar for swing traders.
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MetaverseVagabond
· 01-21 22:04
RSI is back again. Does this explanation always work?
After trading so many coins, how many have actually bottomed out and rebounded?
The name BANANAS31 gave it away, I knew it was a no-go.
Oversold means it will definitely rebound? Wake up, brother, this wave might be cut in half directly.
It's either mean reversion or support and resistance, the tricks are really old.
Except for SENT and ZRC, I haven't even heard of these other coins.
Swing trading? I think it's swing losses.
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fork_in_the_road
· 01-21 17:17
It's the same old RSI overbought and oversold story, always talking about this. Can it really be copied to the bottom?
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BANANAS31, the name of this coin is so outrageous, do you still expect it to rebound? LOL
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Mean reversion sounds sophisticated, but in reality, isn't it just luck?
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The rebound of oversold coins is quite strong this time. Has anyone jumped in?
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Feels like this signal isn't as accurate as last time. Let's wait and see.
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SAGA has been a bit crazy these days, but that doesn't necessarily mean a correction.
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It's overbought and oversold, so if you need to run, just run. Don't be greedy.
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How do you determine support and resistance levels? That's the real challenge.
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Swing trading sounds simple, but in practice, it's a bloody loss.
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I haven't heard of any of these coins. Are they too niche?
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SatoshiHeir
· 01-19 23:27
It should be noted that RSI extreme readings on the 1-hour cycle are at best a reflection of market noise. Truly on-chain data—exchange inflows and outflows, whale wallet movements—are the keys to insight. These "technical signals" of altcoins? Laughable, they are just leverage-hungry traders' chips in a game of chance.
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Mean reversion strategy? That idea is sick. Satoshi never mentioned in the white paper that RSI oversold levels should bounce back. You guys are still stuck in the technical magic of 2017.
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Listen to me: Based on the following arguments, this list-style "opportunity alert" is essentially teaching retail traders how to be precisely trapped. Is monitoring support and resistance levels meaningful? Obviously—not at all—unless you can read the dealer's diary.
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Holders of coins like BANANAS31, MUBARAK... I feel a bit embarrassed for you.
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On-chain data indicates that this oversold rebound is most likely just a trap. But I bet five bucks you guys will still go all-in.
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fren.eth
· 01-19 01:59
It's the same old RSI overbought and oversold routine. There are so many coins on the list this time.
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BANANAS31 can even make the list, how low does that mean haha
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Oversold rebound is easy to talk about but hard to execute, beware of cutting losses
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ZRC is overbought and still want to chase? I wouldn't dare
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Feels like the signals this time are quite mixed, not very confident to act
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Mean reversion strategy... sounds good but I've had too many bad experiences in practice
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So many coins moving together, a bit suspicious
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GLM is already oversold? Why hasn't it rebounded yet?
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Technical signals are often unreliable; it's better to look at fundamentals
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ACH, ZAMA are expected to fall next? Let's wait and see
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SellTheBounce
· 01-19 01:56
Once again, it's the overbought and oversold tricks. Every time they say there's a reversal, what happens? It drops, and then they buy the dip.
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RSI at extreme levels just wants to catch the bottom? Wake up, history shows there's always a lower point waiting.
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Sell on rebound, don't be greedy. This is the most expensive lesson I've learned in ten years.
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Mean reversion of these coins? Ha, it's just human weakness. Retail investors are always the ones being harvested.
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Oversold rebound sounds wonderful, but the bagholders never realize they're the bagholders.
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How useful are fancy technical indicators? You have to wait until the market bottom to find real opportunities.
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One-hour chart signals? I suggest you look at the daily chart. Long-term holders don't care about these noises.
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Profit-taking pressure? Laughable, no one is making money; everyone is just cutting losses.
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Patience is the true trading philosophy. Currently, everyone acting is just a bagholder mentality.
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FrogInTheWell
· 01-19 01:55
This wave of signals came just in time. The ones from SENT are indeed at high levels.
The bunch of coins that are oversold on RSI... Wait, is BANANAS31 a real coin? Haha.
It's just mean reversion again. To put it nicely, it's basically betting on a rebound.
The overbought and oversold theory, honestly, sometimes it works, sometimes it's just self-deception.
I'm just watching to see if GRIFFAIN can really rebound; it feels uncertain.
Those who trade in the one-hour chart are all brave warriors. I don't have such boldness.
These coin names are more and more outrageous, but opportunities... you really have to keep an eye on them.
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TaxEvader
· 01-19 01:54
Is this the same old RSI overbought and oversold trick again? Every time it talks about reversals, it actually reverses?
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BANANAS31 is such a ridiculous name. Does anyone really take this as an investment asset? Haha
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Buy when oversold, sell when overbought—easy to say, but when it comes to actual trading, you get wiped out.
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Feels like there are quite a few signals this time. So many coins signaling at once, something's not right.
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Mean reversion sounds impressive, but gambling on luck is faster.
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I like SENT, but I don't know about the others. Just observe for now.
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They're starting to shake out the market again, retail investors continue to be harvested.
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Are these signals reliable this time? Last time I followed them, I went bankrupt.
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GasGuzzler
· 01-19 01:48
Once again, RSI overbought and oversold, as if it's really effective. I just want to ask how many of these can actually be right this time.
Are there really people still trading these coins? I've never even heard of them.
The mean reversion strategy has been around for three years, but I just can't make any money, brother.
BANANAS31? What kind of name is that? It cracks me up.
Oversold rebound? I think it's probably just a trick to trap people again.
SENT is about to crash, I bet five bucks.
These small coins could go to zero at any time, everyone be careful.
Support and resistance levels? Sounds good, but when they break, it's called free fall.
Swing trading? Might as well buy a lottery ticket.
View OriginalReply0
ContractCollector
· 01-19 01:44
Another case of RSI overbought and oversold, always saying a rebound, but what’s the result?
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BANANAS31, I just laugh at this name. Is this even a coin?
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Oversold means you should buy the dip? Wake up, it still needs to fall if it’s going to.
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Mean reversion? I’ve heard that term so much my ears are calloused.
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Are ZRC and SAGA really about to crash? Feeling exhausted.
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I’m optimistic about GLM, there’s a chance for a rebound from oversold.
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Don’t just look at the 1-hour chart, that trick is deceptive.
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How come SENT is overbought again? What the heck.
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Fundamentals are the key; technical signals are all fake.
Several altcoins are flashing interesting technical signals on the 1-hour chart right now. SENT, ZRC, ACH, ZAMA, and SAGA are showing RSI overbought conditions, suggesting potential pullback opportunities. Meanwhile, GRIFFAIN, HANA, MYX, TUT, BANANAS31, MUBARAK, VELVET, NIGHT, INIT, GLM, and PAXG are displaying RSI oversold readings.
These technical extremes often precede reversal moves or consolidation phases. Traders watching these pairs should monitor support/resistance levels closely. The overbought group might face profit-taking pressure, while oversold tokens could see bounce attempts if buying interest emerges. Classic mean reversion setups worth keeping on the radar for swing traders.