$HFT
Considering the contemporary market, it is very difficult to survive in this situation today, but he is standing very well in the midst of it.So we should applaud this and take trades here with a cool head by setting stop loss wisely.
Momentum and Future Outlook
Indicators like the Relative Strength Index (RSI) are likely showing an overbought reading, which is expected after such a parabolic move, but the sheer force of the candles suggests the buying pressure remains high 💪. The immediate challenge for HFTUSDT is to consolidate these massive gains without a deep retracement. Traders should monitor the previous high volume candles for potential re-entry zones or to place protective stops, utilizing the new support around $0.05 as a primary cushion. The short-term targets now shift towards the $0.07 - $0.075 range, representing the next significant supply zone based on previous price history. This is a high-reward, high-risk play demanding sharp risk management 🛡️.
