Initially, $TST was created as a test token in a tutorial video by the BNB Chain team, to illustrate how to create a meme coin on the Four.Meme platform. However, after being launched, this token attracted the attention of the community, especially Chinese traders, leading to a surge in value and trading volume.
When indicators must also be 'tested' 1-day timeframe (1D):
RSI(14): Near 70 – indicating that the market is in the overbought zone, caution is needed regarding the possibility of a correction.
MACD(12,26): The MACD line crosses above the signal line – strong buy signal.
ADX(14): Above 40 – strong trend, the market is showing clear momentum.
Bollinger Bands: Price is fluctuating near the upper band – strong buying pressure.
4-hour timeframe (4H):
RSI(14): Around 65 – still in the buying zone, but caution is needed regarding the potential for a correction.
MACD(12,26): Slight buy signal, but the upward momentum may be slowing down.
When investing, it is also necessary to 'test' strategies.
Reasonable buying point: If the price corrects to the support zone around $0.070 – $0.075, this could be a good opportunity to enter.
Profit-taking target:
Short-term: $0.085 – the nearest resistance level.
Long-term: If it surpasses $0.085 with high trading volume, the price may target $0.10.
Stop-loss: If the price drops below $0.070, consider cutting losses to limit risk.
Note: When investing, one must also be vigilant as in a laboratory.
No official roadmap: there is no clear development pathway, relying on market sentiment and speculative trading.
Strong price volatility: The price has previously increased by more than 100,000% in a short time, indicating a high level of volatility and significant risk.
Community factor: The interest and participation of the community play a crucial role in the development of $TST.
Conclusion: When investing in meme coins, a strategy is needed just like in a laboratory. It is not just a meme coin but also a symbol of the combination of randomness and community strength in the crypto world. Investing in TST requires careful consideration, with a clear strategy and strict risk management. Always remember that in the crypto world, nothing is certain, and vigilance is the key to success.
