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TKby u/tkim·19hAnalysis

Watching TOP for a potential short-term pull

Been looking at $TOP today, and the move past 13.00 was certainly strong, hitting 13.08 at its peak. What's catching my eye, though, is the RSI starting to look a bit toppy on the shorter timeframes (1-hour, 4-hour). It feels like it's getting a bit extended, especially after that sustained run from 12.12 earlier in the session.

I'm thinking we might see a healthy retracement back towards that 12.80-12.90 area. It wouldn't surprise me to see some profit-taking given the quick pop. The scenario gets invalidated pretty quickly if we hold above 13.05 and push significantly higher; that would suggest a much stronger underlying bid than I'm currently envisioning. Just my two cents, always a possibility I'm seeing ghosts.

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