$IDOL
The price surged directly from around 0.008 to a high of 0.0162, with strong momentum and a clear increase in trading volume. It has now pulled back from the highs to around 0.0137. After the rally, upward momentum is weakening, and the candlesticks are starting to give back some gains as profits are taken at higher levels. Overall, the market is still digesting this rally, so short-term volatility is likely.
Support: 0.0120–0.0125, then 0.0110
Resistance: 0.0155–0.0162
Personal trade: Short
Entry: 0.0143–0.0148
Stop-loss: 0.0168
Take-profit: First target 0.0115, second target 0.0090.
Note that this coin is extremely volatile. Manage your position size carefully and avoid taking a large position.
The price surged directly from around 0.008 to a high of 0.0162, with strong momentum and a clear increase in trading volume. It has now pulled back from the highs to around 0.0137. After the rally, upward momentum is weakening, and the candlesticks are starting to give back some gains as profits are taken at higher levels. Overall, the market is still digesting this rally, so short-term volatility is likely.
Support: 0.0120–0.0125, then 0.0110
Resistance: 0.0155–0.0162
Personal trade: Short
Entry: 0.0143–0.0148
Stop-loss: 0.0168
Take-profit: First target 0.0115, second target 0.0090.
Note that this coin is extremely volatile. Manage your position size carefully and avoid taking a large position.