XPINUSDT recent market movement, with a 24-hour increase of nearly 20%, but the trading volume has shrunk to 99.8%. I have seen this kind of rapid upward move with no volume many times before. Experience tells me that such a trend usually takes time to digest, either sideways consolidation or a sign of a pullback.
From the technical indicators, the 1-hour and 4-hour RSI are both hovering between 50-65, indicating a neutral to slightly bullish position, not yet extremely overbought. The 1-hour MACD has indeed shown a golden cross, but the histogram energy is very weak, indicating that the buying momentum is not that strong. I have encountered similar situations before—after the price surges, it starts to grind at high levels, and if volume doesn’t support it, the support levels below are easily tested again.
My trading logic is simple: when the market has not yet found a clear direction, neither chase high nor bottom fish. Currently, the gains and losses across different timeframes are fighting each other, and there is no strong, consistent trend. So my decision is to **wait and see**.
My plan for the next steps is: if the price can generate effective volume and stay above today’s high, then consider going long; conversely, if it breaks below today’s opening price or key support levels, the signal reverses, and it might turn bearish. The best approach now is to let the market move a couple of steps first.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
2
Repost
Share
Comment
0/400
CryptoSurvivor
· 10h ago
The pattern of massive surge is so familiar to me; it will come back sooner or later.
Wait until the volume catches up before acting; chasing high now really isn't worth it.
This wave feels like the night before a trap, so I choose to sit back and watch.
After hesitating for a long time, it still has to fall; history always repeats itself.
Insufficient volume is just a fake rally, don't be fooled into it, friends.
View OriginalReply0
Deconstructionist
· 10h ago
Unlimited limit-up, a classic trap to lure buyers, wait until the breakdown to decide.
XPINUSDT recent market movement, with a 24-hour increase of nearly 20%, but the trading volume has shrunk to 99.8%. I have seen this kind of rapid upward move with no volume many times before. Experience tells me that such a trend usually takes time to digest, either sideways consolidation or a sign of a pullback.
From the technical indicators, the 1-hour and 4-hour RSI are both hovering between 50-65, indicating a neutral to slightly bullish position, not yet extremely overbought. The 1-hour MACD has indeed shown a golden cross, but the histogram energy is very weak, indicating that the buying momentum is not that strong. I have encountered similar situations before—after the price surges, it starts to grind at high levels, and if volume doesn’t support it, the support levels below are easily tested again.
My trading logic is simple: when the market has not yet found a clear direction, neither chase high nor bottom fish. Currently, the gains and losses across different timeframes are fighting each other, and there is no strong, consistent trend. So my decision is to **wait and see**.
My plan for the next steps is: if the price can generate effective volume and stay above today’s high, then consider going long; conversely, if it breaks below today’s opening price or key support levels, the signal reverses, and it might turn bearish. The best approach now is to let the market move a couple of steps first.