Listen up! This wave of 47819449625 is simply crazy, surging 63.73% to 0.4822 in 24 hours, peaking at 0.86! But don’t let the rise cloud your judgment; the trading volume has already shown signs of decline. What does this indicate? It suggests that there may be large funds quietly unloading, or it might be taking a breather for a correction!
Now to the main point—my operational advice:
Bull players take note: If you want to enter the market, wait until the price firmly stabilizes at 0.5184! You must see a large bullish candle breaking through on the daily chart, and the trading volume should be 30% higher than the average of the last three days to be safe. The first target is to look at the 0.6 round number, and consider reducing your position if it reaches 0.7. But remember! Set your stop loss at 0.43; if it breaks below this, cut your position immediately—don’t hold onto false hopes!
Bear players don’t get too excited: Shorting now is like licking blood off a knife! If you really want to short, you must wait for the price to effectively drop below 0.45, and it must be accompanied by increased trading volume. The first target is to look at 0.395 as a support level, and if it breaks, then look at 0.33. But let me pour cold water on this—shorting at this position carries great risk, and the stop loss must be set at 0.5, otherwise you may be caught in a bull trap at any moment!
Lastly, here’s a harsh truth: The most dangerous aspect of such a surging coin is the emotional volatility. The trading volume has already shown signs of fatigue; I suggest either waiting for a proper correction to get in, or strictly following the strategy. Don’t be envious when you see others making money; this type of coin falls faster than it rises, and setting a stop loss must be executed as strictly as a life-saving talisman!
Still unsure how to operate in this market? Follow me for strategies; the execution power is up to you!