NTRN has indeed shown some interesting movements recently. In the short term, multiple timeframes are flashing red — the 15-minute RSI reached 88, the 1-hour also hit 86, and although the 4-hour is still at 83, the trend is upward. From the indicators, this clearly indicates overbought conditions.



The problem is that trading volume is shrinking, which is a hidden risk. It's like someone running very fast, but without subsequent stamina support, they can't go far.

Currently, the price is stuck at the psychological level of 0.0300, with resistance levels at 0.0310 and 0.0325. Support levels are at 0.0285 and 0.0270.

My personal opinion is: do not chase at this position. Instead of buying high and getting caught out, it's better to wait. If the price really pulls back to 0.0285 and stabilizes, consider a small position to test the waters, with a stop-loss set at 0.0270. If it can't even hold 0.0285 and breaks through, then continue to observe and look for opportunities near 0.0270.

Honestly, I prefer to stay on the sidelines. The market offers plenty of opportunities; there's no need to participate every time. Wait for signs of stabilization before taking action.

Risk warning: The above is only personal analysis and does not constitute investment advice.
NTRN24,25%
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
  • 7
  • Repost
  • Share
Comment
0/400
Blockblindvip
· 10h ago
The point of shrinking volume is really hitting hard; chasing highs truly requires caution.
View OriginalReply0
ETHReserveBankvip
· 12h ago
The recent decline in volume can indeed be misleading. With RSI so high, those still trying to chase will have to pay the tuition fee.
View OriginalReply0
GweiWatchervip
· 12h ago
The shrinking volume has been understood; chasing highs is a recipe for disaster.
View OriginalReply0
AirdropAnxietyvip
· 12h ago
This wave indeed has low trading volume; chasing the highs is just handing over the bag to the big players.
View OriginalReply0
JustHereForAirdropsvip
· 12h ago
The shrinking volume definitely needs to be watched; it feels like a breakdown is imminent.
View OriginalReply0
gm_or_ngmivip
· 12h ago
The point about declining volume is well said, it feels like an air cannon. Let's wait for a pullback before discussing further.
View OriginalReply0
FastLeavervip
· 12h ago
RSI is almost overbought but still dare to chase, isn't this asking for a beating? Haha Wait, the shrinking volume is the real core issue, if no one steps in to buy, it will inevitably plunge.
View OriginalReply0
  • Pin

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