Looking at the trend of CYS, currently this coin shows obvious overbought signals across multiple timeframes, which is worth paying attention to.
On the 15-minute chart, the RSI has already reached 74; on the 1-hour chart, it's even more extreme, soaring to 84.5 in the overbought zone. The 4-hour chart is no exception, with a value of 78 also entering the overbought range. In this situation, you'll notice an interesting phenomenon—although the MACD histogram is still expanding on the 1-hour chart, the price growth has clearly lagged, and the trading volume has shrunk by 53.6%, which is a very unhealthy signal.
The current price is stuck at the strong resistance zone of 0.51, with two resistance levels above at 0.525 and 0.55. The support levels below are at 0.495 and 0.475. From a trading perspective, if the price can effectively break through 0.525, consider entering a light position with a target of 0.55, but set the stop-loss at 0.515; conversely, if it falls below 0.495, short positions can consider taking over, looking at the low point of 0.475, with a stop-loss at 0.505.
At this stage, my choice is to stay on the sidelines. The multi-timeframe overbought RSI combined with shrinking volume makes chasing the high too risky. The best approach is to wait for confirmation—either wait for a valid breakout above 0.525 or wait for a dip near 0.495 before making a decision.
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.
18 Likes
Reward
18
10
Repost
Share
Comment
0/400
JustHereForMemes
· 01-15 00:04
This wave is indeed a bit weak; with such shrinking volume, it's still rising, and it feels like a dip is not far away.
View OriginalReply0
ApeWithNoFear
· 01-13 07:55
Buddy, the RSI has already soared to 84.5. Do you still dare to chase? I think this is a death trap.
View OriginalReply0
MagicBean
· 01-13 04:27
Wow, with a 53.6% decrease in volume, still dare to chase? I don't have that courage.
View OriginalReply0
Q4Money-MakingLion
· 01-13 02:01
This is a platform with a multi-level profit-sharing promotion model. Currently, some team leaders are daily offline evangelizing, selling mining machines, and recruiting people...
View OriginalReply1
GateUser-c799715c
· 01-12 22:54
Damn, RSI is almost breaking the sky, and you still dare to chase? I think this is just a live slaughter of the leeks.
View OriginalReply1
GasFeeDodger
· 01-12 22:51
Such a clear divergence between price and volume—chasing highs is really just courting death. We still need to wait for a decent confirmation signal.
View OriginalReply0
RugpullSurvivor
· 01-12 22:51
With such shrinking volume, do you still dare to chase? I don't believe this wave can go up, just wait for it to drop.
View OriginalReply0
TradingNightmare
· 01-12 22:50
Trading volume shrank by 53.6%. Still dare to chase? This is just the prelude to cutting losses, brother.
View OriginalReply0
CryptoTherapist
· 01-12 22:50
ngl the RSI divergence here is giving major "emotional peak before the crash" energy... your portfolio's anxiety levels are through the roof right now 🔴
Reply0
down_only_larry
· 01-12 22:44
RSI of 84.5? Are you planning to take off directly or what? The volume has shrunk by 53 points, typical false fire. I'm also on the sidelines; chasing highs is just giving away money.
Looking at the trend of CYS, currently this coin shows obvious overbought signals across multiple timeframes, which is worth paying attention to.
On the 15-minute chart, the RSI has already reached 74; on the 1-hour chart, it's even more extreme, soaring to 84.5 in the overbought zone. The 4-hour chart is no exception, with a value of 78 also entering the overbought range. In this situation, you'll notice an interesting phenomenon—although the MACD histogram is still expanding on the 1-hour chart, the price growth has clearly lagged, and the trading volume has shrunk by 53.6%, which is a very unhealthy signal.
The current price is stuck at the strong resistance zone of 0.51, with two resistance levels above at 0.525 and 0.55. The support levels below are at 0.495 and 0.475. From a trading perspective, if the price can effectively break through 0.525, consider entering a light position with a target of 0.55, but set the stop-loss at 0.515; conversely, if it falls below 0.495, short positions can consider taking over, looking at the low point of 0.475, with a stop-loss at 0.505.
At this stage, my choice is to stay on the sidelines. The multi-timeframe overbought RSI combined with shrinking volume makes chasing the high too risky. The best approach is to wait for confirmation—either wait for a valid breakout above 0.525 or wait for a dip near 0.495 before making a decision.