This wave of violent pull-ups in the early trading directly hit 0.18599. The increase of nearly 300% is indeed wild enough, but the pull-ups were too hasty. The 30-minute K-line shrank significantly after the explosion, and the MA5/10 moving averages did not keep up. It was obviously a short-term hot money attack. The price is currently stuck and fluctuating around 0.182. From the daily level, this is exactly the high-chip concentration area. Many people want to get out of the trap and run, and the selling pressure is not small.
The MACD golden cross is still there, but the openings of DIF and DEA are narrowing, the red column is flattening, and the bullish momentum is weakening. If the dog dealer really wants to break through, it must make up for the volume and stand firm at the 0.185 pressure level, otherwise it is likely to fall back to the 0.160-0.155 range to clean up the market. Personally, I think it is not advisable to chase high at this position. Brothers who followed the rise in the early trading are recommended to at least close half of the position to lock in profits.
Focus on the change of volume. If the volume continues to shrink and stays above 0.180 at night, there may be a second chance to rise. But if it breaks the key support of 0.15664, you must cut your position decisively. The EMA30 moving average below is the real support. Contract parties must remember to set a stop loss. For this kind of monster coin with an amplitude of 327%, it only takes a few minutes to reverse the pin by 20%.
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