1. Summary
$TKO just had a strong surge with the price jumping from ~0.16 to ~0.20; actual trade scenario: wait for confirmed breakout or pullback with rejection to enter.
• Current price ~0.194; catalyst: volume spike and short-term momentum.
2. Analysis
Short-term bias: neutral→bullish if the price holds above 0.185–0.176 but note the 1H RSI is overbought (very high) and volume has spiked — this increases the risk of chop/pullback. Support levels: 0.176 / 0.168 / bottom area 0.160; immediate resistance at 0.200–0.205 (current high) and extension area 0.235–0.255. Liquidity at higher levels may be thin; monitor inflows into CEX and any unlock/announcement news as they will dictate the next momentum.
3. Strategy
Entry:
• Scenario A (breakout): buy on a probe when 1H close > 0.195–0.198 with increased volume (limit/probe).
• Scenario B (pullback): buy on wick rejection and 1H bullish at 0.176–0.170; if it goes deeper, consider the area of 0.165–0.160 for additional entry.
Stop-loss:
• Breakout SL = 0.175 (below the nearby consolidation area to avoid false break).
• Pullback SL = 0.158–0.160 (below swing low to avoid being swept).
TP1 / TP2:
• TP1: 0.200–0.205 (take part of the profit at the nearby high).
• TP2: 0.235–0.255 (target extension — consider lowering if liquidity is thin).
Exit triggers: RSI maintains >90 along with decreasing volume, large inflows into the exchange, or unlock/negative news → trim/exit early. Always prioritize limit/probe to reduce slippage.
