Silver Token $XAG has been showing quite an interesting trend recently. On the daily chart, the bullish pattern is solid, and the price has already broken above the moving average system. It recently surpassed the $92 mark, a key psychological level, and was continuing to rise in the early session.
But there are some nuances. The RSI indicator has already surged to 74.77, entering the overbought zone. Although the MACD red histogram is still releasing energy, indicating that the upward momentum hasn't fully exhausted, the problem is—under overbought conditions, the risk of a pullback is clearly increasing. This is why blindly chasing the top is not advisable.
From a technical perspective, short-term support is around $91.00-$90.45. If it drops there, don't panic; resistance above is at $94.60-$95.81. Breaking through this level could make $100 a real possibility. However, it’s common to see a pullback after a sharp rise in overbought conditions, so caution is necessary.
Personal advice? Use low leverage and hold larger positions for more stability. A big rally is always good, but don’t be greedy and chase the top. With proper risk management, the opportunities ahead are the real opportunities.
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NotGonnaMakeIt
· 01-17 22:42
XAG this wave is indeed a bit dangerous, RSI is already at 74, still want to chase? Wake up, everyone.
Those chasing the top are just coming to give away money; low leverage is the way to go.
The $100 dream is still early; let's see if we can hold the 92 first.
Breakouts are traps; I bet five dollars it will pull back.
If risk control isn't well managed, no matter how big the market moves, it's all in vain, brother.
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Token_Sherpa
· 01-17 14:35
rsi at 74 screaming overbought but sure, let's pretend this won't pullback... classic velocity trap energy ngl
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RumbleValidator
· 01-16 03:24
RSI 74.77 I've seen this number too many times, and it's always the same pattern—overbought surge, pullback, and shakeout. The range from 92 to 94.60? Don't be scared by it; the key is whether the trading volume can keep up, otherwise it's just a false rally. No matter how good the risk control is, it can't save those chasing the top; this is a truth I verified through node stability.
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TrustMeBro
· 01-14 23:51
RSI has already soared to over 74 and is still pushing higher. Isn't this asking for trouble? Haha
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OneBlockAtATime
· 01-14 23:49
XAG is indeed a bit hot right now, with RSI already at 74 and still pushing higher. This is the easiest time to get cut.
Chasers, be careful. When a pullback comes, it will happen quickly.
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GweiWatcher
· 01-14 23:49
Still chasing after such overbought levels? Buddy, RSI is already at 74, and you're still daring to push for the top?
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MevTears
· 01-14 23:47
RSI is already at 74, still dare to chase? This is a sign of cutting losses, buddy.
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rekt_but_vibing
· 01-14 23:30
The RSI of 74.77, this is really playing with fire... Brothers who chased the high in the early session, pay attention, a pullback is really coming.
Silver Token $XAG has been showing quite an interesting trend recently. On the daily chart, the bullish pattern is solid, and the price has already broken above the moving average system. It recently surpassed the $92 mark, a key psychological level, and was continuing to rise in the early session.
But there are some nuances. The RSI indicator has already surged to 74.77, entering the overbought zone. Although the MACD red histogram is still releasing energy, indicating that the upward momentum hasn't fully exhausted, the problem is—under overbought conditions, the risk of a pullback is clearly increasing. This is why blindly chasing the top is not advisable.
From a technical perspective, short-term support is around $91.00-$90.45. If it drops there, don't panic; resistance above is at $94.60-$95.81. Breaking through this level could make $100 a real possibility. However, it’s common to see a pullback after a sharp rise in overbought conditions, so caution is necessary.
Personal advice? Use low leverage and hold larger positions for more stability. A big rally is always good, but don’t be greedy and chase the top. With proper risk management, the opportunities ahead are the real opportunities.