【$COLLECT Signal】Exit Position + High-Level Distribution Risk

$COLLECT After a single-day surge of over 30%, the price shows signs of stagnation and deep imbalance near the previous high resistance zone (0.076-0.079). This is a typical signal of bullish momentum exhaustion.

🎯 Direction: Exit Position

Market Analysis: On the 4-hour chart, three consecutive candles have long upper shadows, and the latest buying ratio is only 0.49, indicating a sharp decline in buying enthusiasm. Although the price has broken above the EMA20 (0.0644), it has moved far away from the moving average, suggesting a technical pullback is needed.

Core Logic: Key data points indicate risk. 1) Funding rate is as high as 0.0688%, in an extreme greed zone, making long positions very costly. 2) Deep imbalance of -3.93%, with ask walls significantly thicker than bid walls, indicating heavy selling pressure above. 3) RSI (63.2) is not overbought, but combined with the high funding rate and deep imbalance after a surge, it forms a typical “bullish exhaustion” pattern. 4) Open interest (OI) remains stable rather than increasing, suggesting the rally is driven by spot trading rather than sustained inflow of institutional funds, raising doubts about sustainability.

Trading Plan: The current price (~0.072) does not meet the high-probability risk-reward criteria for a long position. Conditions for shorting are also not satisfied due to the lack of OI decline + RSI divergence. The best strategy is to wait for the price to retest key support levels (the previous breakout zone 0.061-0.065) and observe buy-side absorption, or wait for a clear bearish structure at high levels (such as declining OI + sustained high funding rates) before considering a short.

Trade here 👇 $COLLECT

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