This coin, $PLAY , had been stagnant for a long time, just hovering at a low price with very little fluctuation, and there was hardly any movement in the market.
But suddenly it exploded, with the price skyrocketing like a rocket, rising from around 0.03282 all the way to 0.08597; the buying power is too strong.
The Bollinger Bands were previously very narrow, but once the price rose, the bands widened significantly. Now that the price is at a high, there may be some pullback pressure.
The moving average also shows a strong short-term upward trend. The MACD indicator indicates that the bulls are dominant, but the upward momentum seems to have slowed a bit.
The RSI indicator has reached a high level, indicating that the market may be overbought, which could pose a pullback risk. The trading volume has also surged as the price rises, indicating that there is capital pushing it.
This coin is currently rising sharply, but the risks are also considerable. Everyone should keep an eye on key positions and trading volumes, looking for opportunities while also being cautious.
Today, I will also share the setup for the next trade in the group, including when to enter, when to exit, and how to set profit targets. I will clarify all of these in the group at the first opportunity. As long as you follow Lifan's thought process and execute strictly, you will definitely be able to profit!
