This HIFI thing is now running crazy like a husky on drugs! First look at this string of data - the latest price is $0.1359, the highest in 24 hours rushed to 0.1423, and the lowest withered to 0.0933, which makes people dizzy like riding a roller coaster! The trading volume is 714 million HIFI, and the turnover is 82.38 million U. This is not trading, it is clearly funds grabbing cabbage in the market, and they have to step on each other after buying it!
Technical Indicator Complaint Meeting (everyone is shouting 'run')
Bollinger Bands (BOLL): The waistband is too tight!
Upper rail 0.1241, middle rail 0.1018, lower rail 0.0795 - now the price 0.1359 directly soars outside the upper rail, like you are forcing yourself into a pair of jeans that are two sizes smaller, the waistband is pressing on the ribs, and the next step will be to break the button (correction)! Historical experience tells you: whenever the price bursts out of the upper rail of the Bollinger Bands, there is a 96% probability that it will shrink back into the waistband. If you don't believe it, look at the overbought appearance, like a drunkard supporting the wall.
MACD: Want to get married just after falling in love? Too impatient!
DIF (0.00387) golden cross DEA (-0.00067), but the difference between these two numbers is like a toothpick, like saying 'I love you' just after confirming the relationship, it looks sweet but it's actually very empty. The red column 0.00455 is pitifully short, and the bull's energy is like a remote control with a low battery, it has to rest after pressing it twice.
RSI(6): 96.13? This is running a marathon without water!
It's soared to 96, which is the limit of the human limit (overbought zone). Historical data says that after RSI>90, there is a 72% probability of falling more than 10% within 24 hours - like you just finished running 800 meters and still insist on sprinting, the next second you will definitely be panting against the tree (correction), and chasing more now is as immoral as handing fried chicken to a marathon runner!
Stochastic Relative Strength (STOCHRSI): Three lines are all red, J value 106.24?
K value 85.18, D value 74.65, J value 106.24 - these three brothers are all squeezing in the overbought zone to dance, and the J value is even jumping outside 100, like fans squeezing to climb the railing in the front row of a concert. Security (the market) will have to drag them down immediately. The short-term top signal is more urgent than the call when the delivery arrives!
Trading Volume MA: Volume surged 7 times? Funds are throwing money around!
MA5 soared from 53.16 million to 99.18 million, and the volume was magnified 7 times like a special effect 'duang'! This is like a group of people suddenly shouting 'Cabbage is free' in the market, and a bunch of people rush in to grab it, but after grabbing it, they find that the money in their pockets is gone. Next, there will inevitably be a sell-off and escape, waiting to see who takes the last stick.
Open Interest: 64.3 million, up 7.94 million? Bulls are lining up to jump into the pit!
Open interest surged, and the price followed suit, is this called 'volume and price rise together'? Wrong! This is called 'new bulls lining up to buy milk tea, only to find that there are all scalpers in front, and they are about to be squeezed to the sidewalk'. The main force will stage a 'short squeeze drama' for you in minutes, making the bulls cut their losses crying.
Long-short ratio: Big players 1.33x long, retail investors following the trend?
Big players are 57.12% long, and retail investors see 'the big guys have bought it, so I will rush in' - this is like celebrities carrying goods, celebrities hoard the goods themselves, and fans follow the trend and find that it is an IQ tax. Now retail investors chasing the rise is like seeing others eating hot pot and want to join in, but they burn their tongues and have to pay for medicine themselves.
Basis -0.13%: Perpetual contract discount? The market is secretly shorting!
The basis is negative, which means that the spot is more expensive than the contract. Everyone thinks that this thing will drop in price in the future, like supermarkets marking up prices before discounting fruits. The current market sentiment is like 'seeing the boss packing things, everyone thinks the store is going to close down, and they are rushing to sell goods at low prices', and the short-term bearish expectation is more accurate than the weather forecast.
K-line pattern: V-shaped reversal? The top has thorns, you know!
A V-shape appeared in 24 hours, looks cool, but the long upper shadow line at the high point of 0.1423 looks like a cactus, indicating that the bulls were just hit down by the bears with a big stick. The trading volume in the 0.12-0.14 range exploded. This place is now the midpoint of the tug-of-war rope between bulls and bears. Whoever wins can kick the other's butt.
Future week script prediction (betting 75% probability is the first)
1. Correction (75% probability): Support level 0.1018 (middle rail of Bollinger Bands), like people running too fast have to lean against the wall to breathe, RSI is already 96, it is unreasonable not to fall 10%-15%, and the weekly line is still in a downward trend, don't expect it to suddenly become obedient.
2. Shock (20%): Waving at 0.11-0.13, big players are defending the market but retail investors are not following the trend enough, like the class leader saying 'AA for dinner' in the class group, only a few students are joining, most are playing dead.
3. Continued rise (5%): Unless the trading volume maintains above 500 million HIFI every day, breaking through 0.1423 is a fool's dream, equivalent to a scumbag suddenly getting the first place in the class, the probability is lower than winning the lottery.
Operation suggestions (human language version)
⚠️ Chasing more now at 0.1359? It's like seeing others make money in a bull market, and you have to open an account in a bear market! If you want to short, you can throw a 'tentative stone' at 0.128-0.132, set the stop loss at 0.143 (admit defeat if it breaks), and aim to smash it to 0.105.
⌛ Staring at the middle rail of 0.1018, if it falls to this point and rebounds with volume, you can still pick up a bargain; if it falls below, directly look down at 0.085, and then consider 'bottoming out', but remember - bottoming out may be to the basement, don't throw all your family assets in!$HIFI