🚀 Binance's KAITO has surged violently, can we chase this wave?
I just took a look at Binance's KAITO/USDT 1-minute K-line, and wow, it shot up from 1.7162 all the way to 1.8193, like riding a rocket! Let’s briefly talk about this market trend:
1. The trend looks like a 'mad cow'
Relying on the MA7 moving average, it surged straight through previous resistance, with bulls fully engaged; the short-term trend is simply explosive, it feels unstoppable.
2. Volume hides 'tricks'
During the surge, the trading volume exploded (the bars shot up dramatically), clearly large funds are 'scooping up' the asset, likely eyeing this small coin's elasticity, wanting to make a big move.
3. Key levels determine stay or go
Resistance level 1.820: If it breaks, look for 1.830, the bulls continue the celebration;
Support level 1.810: If it breaks down, a short-term pullback may occur, be aware of the risk.
4. Don't get stuck on operations
Spot traders: Hold what you have firmly! With such a strong trend, as long as it doesn't break 1.810, there's a high probability of further highs;
Contract traders: If you want to speculate, lightly chase the longs (stop loss at 1.810), but small coins have big fluctuations, so get in and out quickly, don’t be greedy;
Onlookers: Wait for a breakthrough at 1.820 to enter, or look for opportunities when it pulls back to 1.810, don’t blindly chase highs and get hit.
(Small coins can be exciting, but the risks are also significant! Brothers playing KAITO on Binance, keep an eye on the key levels, whether to feast or get hit depends on this wave~)
