can you define over bought? do you know, how a coin will over bought?

$OM
Mantra Finance received a license in Dubai. Good news, but clearly manipulative, in my opinion. The coin is too overbought, in the order book you can see that sellers are dominating, all densities that go above 10 simply will not let the price go further up, so I am inclined to start a short on this coin 🫡