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NTRN has indeed shown some interesting movements recently. In the short term, multiple timeframes are flashing red — the 15-minute RSI reached 88, the 1-hour also hit 86, and although the 4-hour is still at 83, the trend is upward. From the indicators, this clearly indicates overbought conditions.
The problem is that trading volume is shrinking, which is a hidden risk. It's like someone running very fast, but without subsequent stamina support, they can't go far.
Currently, the price is stuck at the psychological level of 0.0300, with resistance levels at 0.0310 and 0.0325. Support levels are at 0.0285 and 0.0270.
My personal opinion is: do not chase at this position. Instead of buying high and getting caught out, it's better to wait. If the price really pulls back to 0.0285 and stabilizes, consider a small position to test the waters, with a stop-loss set at 0.0270. If it can't even hold 0.0285 and breaks through, then continue to observe and look for opportunities near 0.0270.
Honestly, I prefer to stay on the sidelines. The market offers plenty of opportunities; there's no need to participate every time. Wait for signs of stabilization before taking action.
Risk warning: The above is only personal analysis and does not constitute investment advice.
Wait, the shrinking volume is the real core issue, if no one steps in to buy, it will inevitably plunge.