【$MONUSDT】Don't rush to buy the dip/chase highs, check this first

$MONUSDT The 4-hour level price broke out of the Bollinger Bands upper rail, RSI soared to 73.85, the 1-hour level even reached 82.83, buying volume gap, could collapse anytime. Normal volatility period in the session, this rapid surge accompanied by explosive trading volume, but buying depth shows obvious imbalance, sell-side orders are several times thicker than buy-side. MACD double line continues to expand above the zero axis, but price and indicators are severely overbought, weak funding support intention. Current price 0.02503 go short directly, stop loss above 0.02535. First target 0.0245, if broken then 0.0238. The risk-reward ratio at this position is acceptable, but volatility is intense, partial profit-taking is the only choice.
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