$TST Key Support in Crisis, Intense Bull-Bear Struggle
In the early session, TST held firm at 0.0714 but the trading volume shrank by 12%. The 10-day moving average is holding up pressure, with the MACD showing a second golden cross at the zero line, and the RSI hitting 65, close to the overbought zone, indicating a technical pullback is needed. The four-hour chart shows a buildup in volume, exposing the main force's tactics—heavy selling pressure near 0.0735, and fierce battles between bulls and bears on the eve of CME futures delivery. On-chain monitoring detected a large holder transferring 10,000 TST to exchanges, coupled with Binance's USDT market cap rising 4.5% in a single day, suggesting the main force is pulling back while pushing up. Musk liked a TST tweet yesterday, but it didn't drive the market; a certain exchange saw a large transfer of 50,000 TST to a cold wallet, indicating something is brewing!
Key Level Breakdown
0.0714 has held firm multiple times, but trading volume isn't supporting a breakout
0.0735 has significant selling pressure; any rebound will face bearish retaliation
Breaking below the 0.07 key level will trigger programmed selling
Early morning CME futures delivery may cause severe volatility; pay attention to forced liquidations with high leverage
Trading Rules
1. If the rebound doesn't surpass 0.0771, continue to hold bullish views, target 0.08
2. Place a long order at the current price of 0.072 with a stop loss below 0.0695
3. Lock in contract leverage within 3 times; holding positions during the delivery period is strictly prohibited
(Supplement: A certain exchange saw a large transfer of 50,000 TST to a cold wallet; on-chain at 0.0735, liquidation orders are severely backlogged)
The current market is like a tightened bowstring; any rebound in a bear market could be a trap. It is advised to maintain a light position and manage risks well.
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