A signal. In $WDC 5 minutes, the RSI surged to 92.5, severely overbought.
In $WDC 5 minutes, the RSI is 92.5. Extremely overbought. Current price 555.36. Up 3.87% in 24h.
Support 542, 526. Resistance 561, 567.
Fee rate -0.0128%. The shorts are pressing the market, and the funds are biased toward selling short. But the price just jumped from 526 to 555, and the short-term momentum for longs is still there.
Current price 555.36. Direction is slightly bearish. Entry zone 555-561. Stop loss 568. Targets 542 / 526. Risk-reward ratio 1:2.8.
I’ve seen this kind of move. The 5-minute RSI hits 92.5—there’s a high chance of a pullback in the short term. But the 4h trend is still pointing upward. If shorting, go in and get out quickly—don’t fight a long battle. At the current price of 555, 561 above is the prior high resistance; if it can’t break through, that’s your opportunity to short.
RSI is just a trigger. Talk about trend reversal only if it breaks below 542.
#WDC #超买信号 #short-term trading
In $WDC 5 minutes, the RSI is 92.5. Extremely overbought. Current price 555.36. Up 3.87% in 24h.
Support 542, 526. Resistance 561, 567.
Fee rate -0.0128%. The shorts are pressing the market, and the funds are biased toward selling short. But the price just jumped from 526 to 555, and the short-term momentum for longs is still there.
Current price 555.36. Direction is slightly bearish. Entry zone 555-561. Stop loss 568. Targets 542 / 526. Risk-reward ratio 1:2.8.
I’ve seen this kind of move. The 5-minute RSI hits 92.5—there’s a high chance of a pullback in the short term. But the 4h trend is still pointing upward. If shorting, go in and get out quickly—don’t fight a long battle. At the current price of 555, 561 above is the prior high resistance; if it can’t break through, that’s your opportunity to short.
RSI is just a trigger. Talk about trend reversal only if it breaks below 542.
#WDC #超买信号 #short-term trading