DAM/USDT this wave of market movement is quite interesting. The RSI on the 15-minute, 1-hour, and 4-hour charts are all clustered in the overbought zone of 69-75, which looks very exciting at first glance. However, the MACD histogram on the 1-hour chart is still expanding, and the problem is—trading volume has shrunk to only 2.3% of its previous level. This is a classic case of price-volume divergence, and chasing the high carries significant risk.
From a technical perspective, the key levels are distributed as follows:
Currently stuck around 0.0200, which is a psychological integer level and also acts as short-term resistance. The resistance levels above are at 0.0205 and 0.0212, while the support levels below are at 0.0195 and 0.0188.
The trading strategy is quite clear: if the volume picks up and breaks through 0.0205, then look for a target of 0.0212, with a stop-loss at 0.0200. Conversely, if the price falls below 0.0195 with supporting volume, then turn bearish, targeting 0.0188, with the same stop-loss at 0.0200.
But the current situation is that price and volume are telling two different stories. My approach is to wait and see, only acting once the price is supported by effective volume. Either wait for a breakout above 0.0205 or a breakdown below 0.0195 to confirm the move. This divergence is too obvious now; blindly betting on the direction is not advisable.
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HodlKumamon
· 11h ago
Price-volume divergence is the most uncomfortable at times like this, feeling like being frozen in a gamble.
Wait for volume confirmation before acting; that's the secret to surviving a bear market.
Trading volume is only 2.3%? That's not a signal to chase the high, my friend.
Breakthrough at 0.0205 or fall below 0.0195, pick one.
I'm also in a wait-and-see camp; acting in this situation is just like giving away money.
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rugdoc.eth
· 12-27 19:52
The price-volume divergence is so obvious that I will first stay calm and observe. If I can't hold the psychological level of 0.0200, chasing higher would really be like giving away money. I'll wait until the volume confirms it.
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fomo_fighter
· 12-27 19:52
Price and volume divergence is so obvious, yet you still dare to chase? I really can't understand some people's trading logic. When the trading volume shrinks to 2.3%, they still follow the trend. Isn't this just giving the main players money?
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SmartContractPhobia
· 12-27 19:51
Price-volume divergence is a test of mentality. I also need to see confirmation of the direction before taking action. Although this wave RSI is quite exciting, the sluggish trading volume makes it a bit suspicious.
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MevHunter
· 12-27 19:33
With such a decrease in volume, do you still dare to chase? The divergence between price and volume is so obvious that I choose to lie flat and wait for signals.
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not_your_keys
· 12-27 19:24
Be cautious with price-volume divergence; a 2.3% trading volume is too awkward, indicating that no one is really buying in.
Betting on a non-whale to fail is a gamble, but I also choose to wait and see. Anyway, there are plenty of opportunities.
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DefiPlaybook
· 12-27 19:23
This price-volume divergence is indeed a signal. A 2.3% trading volume paired with such a high RSI, to put it simply, is just hype. Doing nothing is the most rational choice.
DAM/USDT this wave of market movement is quite interesting. The RSI on the 15-minute, 1-hour, and 4-hour charts are all clustered in the overbought zone of 69-75, which looks very exciting at first glance. However, the MACD histogram on the 1-hour chart is still expanding, and the problem is—trading volume has shrunk to only 2.3% of its previous level. This is a classic case of price-volume divergence, and chasing the high carries significant risk.
From a technical perspective, the key levels are distributed as follows:
Currently stuck around 0.0200, which is a psychological integer level and also acts as short-term resistance. The resistance levels above are at 0.0205 and 0.0212, while the support levels below are at 0.0195 and 0.0188.
The trading strategy is quite clear: if the volume picks up and breaks through 0.0205, then look for a target of 0.0212, with a stop-loss at 0.0200. Conversely, if the price falls below 0.0195 with supporting volume, then turn bearish, targeting 0.0188, with the same stop-loss at 0.0200.
But the current situation is that price and volume are telling two different stories. My approach is to wait and see, only acting once the price is supported by effective volume. Either wait for a breakout above 0.0205 or a breakdown below 0.0195 to confirm the move. This divergence is too obvious now; blindly betting on the direction is not advisable.