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$ID Analysis: Bullish Momentum Meets Overbought Caution
โThe
$ID (Space ID) chart is flashing serious bullish vibes, but a deep dive into the data suggests we might be approaching a "cooling off" period. If youโre trading the 1-hour timeframe, here is the breakdown of why I'm leaning toward a cautious long with razor-sharp risk management.
โ๐ The Data Breakdown
โVolume Anomalies: We witnessed a massive breakout spike to 355M, dwarfing the 2M average. This signals institutional interest. However, volume is currently tapering off during consolidationโa classic sign that momentum might be stalling.
โCapital Flow Divergence: There is a heavy reliance on the futures market. Weโve seen 1.3M USDT in net inflows (4H) in futures, compared to only 253k in spot. This "leveraged-heavy" move increases the risk of a liquidation flush if the price pivots.
โOverbought Warning: With the RSI screaming above 90, history shows us that
$ID can experience 15-20% pullbacks within 48 hours.
โ๐ฏ Trading Setup
โAggressive Entry: 0.0916 (Current Price)
โConservative Entry: Wait for a dip to the 0.0837 โ 0.0850 zone (Bollinger Band alignment).
โStop Loss: 0.0885 (Calculated via ATR at 0.0021 to account for current volatility).
โTake Profit Targets:
โTP1: 0.0959 (Immediate Resistance)
โTP2: 0.1026 (Major Breakout Level)
โโ ๏ธ Risk Note: While the trend is your friend, don't get caught in a liquidation wave. Keep your positions sized correctly!
โNabiha Noor
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