$VIC The momentum has been quite strong in the past couple of days, and the daily chart shows a bullish upward trend. The moving averages are also supporting the price, and the overall trend is still biased towards the upside. However, the hourly chart seems to be losing some momentum, and the trading volume isn't as high as before, so we need to be cautious about the fluctuations.
If you're looking to enter the market, it might be worth waiting for a pullback to around 0.32 to see how it plays out; the moving averages are supporting this level, and it was also a high point during previous consolidations, so the support should be quite stable. If it goes a bit lower to 0.31, close to a round number, buying interest may be more aggressive, and it can be worth a try. But if it breaks below 0.30, then the support is gone, and you should quickly withdraw, don't hold on stubbornly.
For selling, you can consider taking some profits around 0.36, as it's quite close to the previous high, and there might be sellers at this level; if it can push up to around 0.37, it might be a good point to clear your position, as that's the high point reached just after midnight.
As for shorting, I wouldn't recommend it for beginners. If you really want to try, wait until the price is stuck around 0.36-0.37 and shows signs of declining before considering it. Once it rises above 0.38, you should quickly cut your losses and not hold on too long.
Remember, this cryptocurrency is very volatile, so don't go in heavily, and definitely avoid using leverage. Keeping your position size within 30% is a safer approach. Pay close attention to the trading volume and news from exchanges; if anything seems off, adjust quickly, and don't be greedy or panic.
Strong recovery, doubling assets! Stay alert to trends, plan ahead, and easily achieve substantial gains.
Continuously follow: BR H
