$RVN Personal Opinion: Bullish in the short term, but don’t chase highs
In simple terms:
The current price of FFUSDT is 0.13308 USDT, having risen 18.03% in 15 minutes, and it’s quite strong! The price has already surpassed all key moving averages (EMA7:0.13136, EMA25:0.12885) and has broken through the middle Bollinger Band at 0.13367, currently closely touching the upper band at 0.13377, showing clear bullish momentum.
But watch out for risks:
1. Approaching resistance level: The upper band at 0.13377 is a strong resistance right now, and if it can’t break through, a pullback is likely.
2. Volume is questionable: Although it has risen significantly, the OBV indicator hasn’t shown specific values, so be cautious of the "low-volume pump" trick.
Key levels to watch:
- Resistance levels: 0.13377 (upper Bollinger Band), 0.13427 (24-hour high)
- Support levels: 0.13136 (EMA7), 0.13367 (middle Bollinger Band)
Trading suggestion:
If you want to get in, wait for a pullback to 0.13136 without breaking it, then try a small long position with a target near 0.13377; if it violently breaks through the previous high of 0.13427, you can chase a bit, but keep the position light. At the current price, definitely don’t go heavy; such rapid rise coins can easily spike down. If it breaks below the middle band at 0.13367, you must cut losses.
(Note: Perpetual contract leverage is risky, it’s okay to play with spot trading, but definitely avoid contracts.)
