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Market Check: Potential Pullback Ahead?
There are currently more longs than shorts, and historically, that imbalance often leads to a pullback or consolidation.
Here’s what the RSI is saying:
1H RSI: 44.90 (neutral, slight downside pressure)
4H RSI: 71.42 (overbought territory)
1D RSI: 81.98 (strongly overbought)
What this could mean:
Short-term momentum is cooling off (1H)
Medium to long-term charts are overheated
A cool-down or sideways movement is likely before another leg up
Stay sharp. Don’t FOMO. Let the setup come to you.#RSI #MarketUpdates" #pullback #tradingmindset
Want it in a more casual or meme-style format too?