🚨SHIB Breaks Critical Point: Beware of Overbought Pullback Risks, Accurately Capture Profit-Taking Opportunities!🚨

Summary

Current price of 1000SHIB is 0.016276, with a 24-hour increase of 5.7%, but trading volume has shrunk to 59.8% of normal levels, showing a divergence between volume and price. The technical indicators show RSI at 73.77, indicating severe overbought conditions, and the upper Bollinger Band at 0.01673 serves as strong resistance. It is advised to reduce positions on short-term highs and to pay attention to fluctuations in the 0.0150-0.0167 range, and to be cautious of the pullback risks caused by continuous outflows of main funds.

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Technical Analysis

1. Price Status:

• Bollinger Band: Price touches the upper band at 0.01673 (74% percentile), clear overbought signal

• MA200: Current price is 11.2% above 0.014636, deviation reaches bullish warning threshold

• Holding Cost: Current price is 8.28% above the average holding cost of 0.015031, accumulating profit-taking pressure risk

2. Market Strength:

• Trading Volume: 24-hour volume ratio is 0.597, insufficient upward momentum

• Position Direction: Contract open interest decreased by 27.08% in 24 hours, main funds continuously retreating

• Long/Short Ratio: Smart money long/short ratio 2.4869→2.4038, short forces strengthening

3. Key Levels:

• Support Level: 0.01503 (Holding cost line + Bollinger Band middle line)

• Resistance Level: 0.01673 (Bollinger Band upper line)

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Market Cycle Analysis

Currently in the late stage of the accelerated bull market, the 7-day price increase of 27.2% and the increase in open interest of 27.2% form a top divergence, increasing the risk of cycle transition.

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Trading Strategy

1. Specific Levels:

• Short Entry: 0.01670 (Upper band resistance)

• Stop Loss: 0.01700 (Break above previous high)

• Target: 0.01550 (Lower edge of volume concentration area)

• Risk-Reward Ratio: 1:4 (According to formula (0.0167-0.0155)/(0.0170-0.0167)=4)

2. Risk Warning:

• Overbought RSI may trigger sharp fluctuations

• 5-day net outflow of 27.53 million USDT, beware of liquidity crisis

• Operational Suggestion: Position ≤ 5%, break stop loss and exit immediately

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🔥Note: This article does not constitute investment advice, DYOR!

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$1000SHIB