2026-01-18 09:30:40

AXS surged over 33% in 24 hours, with the price reaching 2.01 USDT. Such a rally definitely catches the eye. However, looking at the technicals across different timeframes, the situation isn't as optimistic as it appears on the surface.

The 4-hour RSI has already surged above 74, and the short-term candlesticks show clear signs of stalling and pulling back. At this point, the market is like cooking—timing is everything. The risk of chasing long positions is evident, as there's significant pressure for a pullback from high levels; going short against the strong upward trend is also not an ideal entry point.

My judgment is to **continue to observe**. Wait for one of two signals: either the price pulls back to a support level and stabilizes, or a clear reversal pattern forms at the high. Only then does the trading probability justify taking this risk. There are always opportunities in the market, so there's no need to rush in during the hottest moments.

AXS-12,38%

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RektRecorder

· 22h ago

A 33% surge is so fierce, but the RSI has already skyrocketed to 74, which is outrageous. Is it still okay to chase the high? Clearly not the right time. Wait for a pullback, and then proceed once it's stable.

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rekt_but_vibing

· 23h ago

33% increase, I really want to chase but I'm a bit scared haha RSI74 at this level is really hot, let's wait for a pullback This wave might just be a roller coaster, better to stay steady

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MetaverseLandlord

· 23h ago

RSI is already at 74, still dare to chase? Your brain is really good. --- Eating without waiting for the right timing, you'll eventually have to spit it out. --- Waiting for a reversal pattern is a reliable suggestion; chasing high is just giving away money. --- A 33% increase looks exciting, but a pullback is even more enjoyable, right? --- Just observe if you want, don't keep shouting about bottom-fishing or top-selling all day. --- It's okay to enter after support levels stabilize; no shame in that. --- I agree with the signal of high-level stagnation and pullback; don't chase impulsively out of frustration. --- There are plenty of market opportunities; why step in at the highest point? --- Using the cooking fire as a metaphor is quite fitting, but some people just don't get it. --- Chasing RSI at 74? That's the self-cultivation of a rookie.

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MetaNeighbor