After a 190% surge, will OMNI face a "guillotine"?
Today, how many people are slapping their thighs after the explosive rise of #OMNI ? When the price skyrocketed from $1.8 to $5.22, how many shouted "the bull market is back" and rushed in? RSI1 soared to 99.42, shooting up like a rocket into the clouds!
I personally speculate the reasons are as follows:
First, a certain whale address 0x1a3 bought 1.2 million units in a single day, directly igniting bullish sentiment!
Furthermore, the price broke through the upper Bollinger Band at $3.8, with MACD red bar at $0.87 erupting, automatically triggering leveraged long positions!
Finally, a certain big influencer in the crypto circle called for a "target of $10," causing retail investors' FOMO to explode!
But don't celebrate too early:
All three RSI lines are at extreme levels, and historical backtesting shows that in the past three years, cryptocurrencies with an RSI exceeding 98 have averaged a 41% retracement within 48 hours!
KDJ’s J value at 89.6 is stagnating at a high position, resembling a sprinter cramping up suddenly during a sprint!
The price is trading at a 127% premium over the 7-day moving average of $2.3! This spring is compressed to the limit and could snap at any moment!
Those shouting "break through $6 to chase the rise," didn't you see the 20 million units of selling pressure accumulated in the $5.0-$5.5 range? The big players have already sharpened their scythes and are waiting for retail investors to rush in~ Now, reflect on this: is this wave a "wealth feast" or a "deep trap"?
Chasing high now? It’s better to take a moment to reflect; when RSI has soared to the peak of Everest, do you really think it can rise another 50%? History does not repeat itself, but it often rhymes — after a surge, it is often followed by a bloodbath!
The first and second leaders have already shone brightly, so for the next layout direction, I will lead everyone to target the lucrative opportunities in altcoins, expecting a potential space of 10 times or more is not a problem. Follow me, and I will guide you through the entire bull market!
