Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
MAVIA has been quite interesting these days. The 15-minute RSI surged to 86, a clear overbought signal, but the 1-hour and 4-hour charts still show strength. This kind of divergence is a typical sign of short-term overheating. The problem is that trading volume has already shrunk by -92.9%, so the risk of chasing the high is quite significant.
Currently, it’s stuck at the psychological level of 0.0800. The resistance levels above are at 0.0820 and 0.0850, while the support levels below are at 0.0770 and 0.0740.
How to operate? If it really breaks through 0.0820, you can try a small long position, targeting 0.0850, with a stop-loss set at 0.0800. Conversely, if it falls below 0.0770, consider switching to a short position or just watching, with a target of 0.0740 and a stop-loss at 0.0790. The most painful part is the current position near the current price—my advice is not to chase.
My personal choice is to wait and see. With RSI at high levels across the board and shrinking volume, the risk-reward ratio is not attractive enough. Instead of risking chasing the high, wait for it to stabilize after pulling back to 0.0770, or wait until a substantial volume breakout above 0.0820 before considering entering. Missing a wave of market movement is not scary; getting caught chasing the high is the real loss.