IOTA's recent pump has a counterintuitive aspect: the hotter it gets, the less you should just focus on the gains.
IOTA is up +17.81% in the past 24 hours, pushing sentiment to a high. Right now, it’s not about how much it’s risen, but whether the chasing funds can keep up. Current price is around 0.0637, with a 24h trading volume of about 1411.40 million; a volume-driven surge is more indicative of funds chasing trends.
Reference indicators: 30m RSI at 75.41 is already in the overbought zone, indicating that chasing sentiment is pretty full; 30m Super Trend is at 0.060390, and the current price is above it, suggesting a trend continuation structure.
The real action point is in the divergence: some see funds clustering, while others are looking for short-term profit-taking. I’m more interested in whether the chasing sentiment is starting to cool down; even at high temperatures, it can easily turn into a spike and drop.
At this position, don’t rush to call direction; the next 30m candlestick is more important than any opinion.
#IOTA #Alert
IOTA is up +17.81% in the past 24 hours, pushing sentiment to a high. Right now, it’s not about how much it’s risen, but whether the chasing funds can keep up. Current price is around 0.0637, with a 24h trading volume of about 1411.40 million; a volume-driven surge is more indicative of funds chasing trends.
Reference indicators: 30m RSI at 75.41 is already in the overbought zone, indicating that chasing sentiment is pretty full; 30m Super Trend is at 0.060390, and the current price is above it, suggesting a trend continuation structure.
The real action point is in the divergence: some see funds clustering, while others are looking for short-term profit-taking. I’m more interested in whether the chasing sentiment is starting to cool down; even at high temperatures, it can easily turn into a spike and drop.
At this position, don’t rush to call direction; the next 30m candlestick is more important than any opinion.
#IOTA #Alert