$BROCCOLI714 1 Jam: Ready for Correction or Continue Up? 🤔

Hello friends! 👋 Let's take a peek at BROCCOLI714 on the 1-hour timeframe. This asset is causing some confusion! 🥦

Important Points:

- BROCCOLI714 has soared high, but its RSI is already very overbought (above 70)! 🚨 So, the potential for a correction is definitely there.

- There's also a bearish divergence! The price is making new highs, but the strength of the upward movement (RSI) is weakening. Signs of bull exhaustion here. 🐂💨

- Trading volume is also sluggish at the peak, not as strong as it was during the rise yesterday.

Optimistic View:

If it does want to go up again, it might need a little break first, or retest the support below to "refuel" before continuing.

Cautious View:

With an overbought RSI and divergence, the potential for a downward correction is quite significant. Be careful if you're holding a long position. The support area around 0.0270 - 0.0280 USDT could be a correction target.

Conclusion:

BROCCOLI714 on this 1-hour timeframe is currently in a phase prone to correction. Stay alert and disciplined with your trading plan!

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