【$COLLECT Signal】Hold off on trading — Deep imbalance after a surge, waiting for a healthy correction

$COLLECT After a significant volume increase on the 4-hour chart, the price is consolidating below a key resistance zone. The market shows a typical battle between bulls and bears, with a deep imbalance (-2.96%) indicating heavy selling pressure above and insufficient buying strength.

🎯Direction: No Position (NoPosition)

The current price is located in the middle of a broad range between the previous high of 0.08531 and the recent breakout level of 0.06. Open interest remains stable, but the funding rate has turned positive (0.0266%), and RSI (59.35) is neutral, indicating momentum exhaustion for chasing the rally. The 4-hour candlestick shows the last candle as a volume-driven bearish candle, with the buy-to-sell ratio (0.49) below 1, signaling short-term profit-taking.

Key logic: Although the price has broken above the EMA20 (0.0568), order book depth shows a significant sell wall (Asks) accumulating around 0.0608-0.0610, while buy orders (Bids) are sparse and scattered below. This structure is unfavorable for a direct breakout and is more likely to cause a pullback to test the support at 0.058-0.06, attracting new long capital. Until the deep imbalance is corrected, the price stabilizes above 0.062, or a volume-price divergence occurs during a pullback to key support, it’s not advisable to chase higher.

Trade here 👇 $COLLECT

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