Market Hotspot OM suddenly surged, with a single-day amplitude exceeding 30%
Damn, today OM's operation directly broke the defense! A currency that had been silent for two months suddenly surged violently from 0.38 to 0.496, with a single-day increase of over 30%. This violent stretch directly blew up the short sellers' defense line! The intraday chart shows that 70% of the position was concentrated in the first half hour of the morning, this rocket-like surge didn't give any breathing room, directly slapping the technical analysts in the face!
Technical Analysis Volume exploded, bullish arrangement formed
The trading volume has directly exploded to recent record highs, exceeding 5000 units traded per minute when breaking through the key level of 0.42. The main capital is using real money to smash through all resistance levels. The current price stands firm on the 5/10/30-day moving averages, with MACD showing a golden cross above water + RSI breaking through 75, and the Bollinger bands are expanding. This technical combination gives no breathing room for the bears!
Main Force Movement After violent washing, the main rising wave begins
From on-chain data, a huge amount of transfers appeared around 0.38 this morning, suspected main force completed stockpiling in the 0.35-0.38 range. The intraday chart shows a U-shaped reversal from 9:30 to 10:00, creating panic with counter trades before directly pulling up; this classic rat trading method indicates that the main force has obtained enough cheap chips.
The current price has broken through the previous 0.42 chip concentration area, significantly reducing the pressure from trapped positions. According to Fibonacci calculations, the 0.51-0.53 range will form a strong resistance zone. If it can break through with volume, it will aim directly for the psychological barrier of 0.58!
Long and Short Game Distinct characteristics of the early bull market
From the funding rate perspective, the current rate of 0.18% is at a recent high, indicating that the bulls are crazily leveraging. Large on-chain transfers are concentrated in the 0.45-0.48 range, and these chips are likely to choose to lock up. The current market's floating chips are only 12%, and the bullish trend is entering an acceleration phase!
Practical Strategy Hold the base position steady, refuse to miss the opportunity
As usual, for these violently initiated currencies, the main force will not give retail investors a comfortable entry opportunity. For brothers who already hold positions, hold tight; if it dips to the 0.46-0.47 range, you can add to your position. For those who haven't entered yet, pay close attention to the support level at 0.435; as long as this position holds, just go for it!
Key Reminder: Don't be fooled by the main force's fake outs! Current market sentiment is in the early stage of FOMO, and every sharp drop is a chance for a fuel-up. Remember, bull markets have more violent drops, while bear markets have more gradual declines; hold your chips and wait for the main rising wave!
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