POLYPAD skyrocketed by 30%! Is it the horn of a bull market or just a flash in the pan?
At this moment, staring at the candlestick chart, my palms are sweating!
POLYPAD's surge feels like riding a rocket; as of today, the increase has soared to 30%, and the trading volume has reached historic highs! What do you think of this trend?
The MACD has formed a golden cross with red bars expanding wildly, and the RSI has directly pierced into the overbought area; bullish sentiment is completely out of control!
But don't forget, the crypto world has always been a battleground where "the faster it rises, the harder it falls!"
The project team has been quite active lately, with ecological partnerships coming one after another; it seems the pie drawn in the white paper is starting to steam. But market sentiment is harder to predict than a woman's heart! Just yesterday, they were shouting about the "doomsday of the bear market," and today they're calling for the "return of the bull"? Be careful, is this rise a return to value or a tactic for the main force to offload their holdings?
What's the way forward? In the short term, if it can stabilize above the 5-day moving average, perhaps it can push towards the previous high; but if there's a long upper shadow on high volume, hey, the retail investors will be crying out again!
Remember, there's no "lying down to win" in the crypto world, only "lying down to get shot"! Are you joining this carnival?
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