#Upbit The news of going online caused $ALT to soar by 35% immediately. On-chain data shows that whales quickly swept up millions of coins, with trading volume, social activity, and the number of active wallets all skyrocketing. Multiple bullish signals are gathering 📈

Currently, the coin price is firmly above key moving averages, and the support area is intact. If the breakout structure continues, there is still potential space to hit $0.055.

On the other hand, announcements from Korean exchanges often mean that the 'trump card has been revealed'. The highs of many cryptocurrencies are typically reached within two hours after the news is released. If the daily chart also happens to touch a key resistance level, then this high-short opportunity is particularly noteworthy.

Recently, many friends have been focusing on 'short-selling strategies after altcoin rebounds'. The elevated positions after such favorable releases may be the ideal area for setting up short positions.