š„ $EPIC shows a strongly bullish outlook, clearly indicating an uptrend.
Volume analysis reveals a massive daily candle with over 109 million in volume. This classic volume breakout confirms significant capital inflow, suggesting strong momentum for the current move.
Perpetual contracts are experiencing significant positive inflows, reaching +696k in the last 24 hours across all timeframes. This leverage influx is strongly fueling the current rally.
However, the spot market shows some outflow, with -346k in 24 hours, likely due to profit-taking. While leveraged buying currently outweighs this, it introduces caution; a rapid unwinding of long positions could lead to a sharp correction.
Overall Take: Cautiously bullish on $EPIC. The breakout appears legitimate, backed by volume and strong capital flows. However, indicators like RSI, KDJ, and %B signal that the asset is highly overbought. Additionally, the negative funding rate adds to the risk. Avoid FOMO at current price levels.
Best Play: Consider waiting for a pullback before Entry.
Entry Points:
- Aggressive: Target 0.705ā0.720, near the broken upper Bollinger Band and MA5. This offers a solid risk-reward profile.
- Conservative: Look for a deeper dip to 0.640ā0.660, around the MA5/MA10 area. This provides a safer Entry, and if it holds, further confirms the trend's strength.
SL:
- Below 0.680 for aggressive Entry.
- Below 0.625 for conservative Entry.
TP:
- First target at resistance around 0.832.
- If R1 breaks, the next resistance (R2) could be 0.919.
(EPICUSDT)
What are your thoughts? Are you riding this wave or patiently waiting for a dip? Share your insights below! š
#Epic #EPICUSDT

