$CARDS has spiked about 4.5% in the short term, with prices rapidly approaching the historical high zone. There’s clearly a growing buzz in the market around Pokemon Cards narratives.
Getting close to the ATH usually means two forces are at play: one side is trend traders continuing to chase the highs, while the other side consists of profit-takers and short-term sellers applying pressure. If we can maintain volume at these elevated levels, we stand a better chance of confirming a valid breakout; otherwise, we need to watch out for a pullback after the spike.
In the short term, keep an eye on trading volume, selling pressure near previous highs, and support during pullbacks. I wouldn’t recommend blindly chasing the pump. #山寨币 #CARDS #MarketWatch
Getting close to the ATH usually means two forces are at play: one side is trend traders continuing to chase the highs, while the other side consists of profit-takers and short-term sellers applying pressure. If we can maintain volume at these elevated levels, we stand a better chance of confirming a valid breakout; otherwise, we need to watch out for a pullback after the spike.
In the short term, keep an eye on trading volume, selling pressure near previous highs, and support during pullbacks. I wouldn’t recommend blindly chasing the pump. #山寨币 #CARDS #MarketWatch