$FLOCK
The official announcement yesterday clearly stated FOMO is launching on Robinhood Chain, along with the AI Model Token setup, and it can also be traded on Uniswap. This is the catalyst for the huge bullish candle. In addition, there is also a recent token unlock, but the amount is not large; it is more about accelerating sentiment.
For a long time before, it was consolidating in the 0.037-0.042 range with very weak volume. Then, with a sudden surge in volume, it was pulled straight from 0.037 to 0.06538. The few volume bars at the top were the largest of the day, followed by a rapid drop back near 0.050, a typical profit-taking pullback after a sharp rise.
The rebound later failed to break through around 0.057, and it is now at 0.05426.
Structurally, the high of 0.06538 has not been retested, 0.057-0.058 has become near-term resistance, 0.050 is the first support, and below that 0.042 and 0.037 are the launch base.
Personal action: short
Entry: wait for a rebound to 0.05650-0.05800 to enter short
Stop loss: 0.06680
Take profit: first target 0.04950, second target 0.04200, third target around 0.03680.
Focus on the previous high at 0.06538 and support at 0.050. If the rebound cannot break through, continue shorting; if volume expands and it reclaims above 0.062, then reconsider.
For news-driven straight-up moves, don't chase longs in the middle of the move; wait for a pullback from the highs to the resistance area before acting.
The official announcement yesterday clearly stated FOMO is launching on Robinhood Chain, along with the AI Model Token setup, and it can also be traded on Uniswap. This is the catalyst for the huge bullish candle. In addition, there is also a recent token unlock, but the amount is not large; it is more about accelerating sentiment.
For a long time before, it was consolidating in the 0.037-0.042 range with very weak volume. Then, with a sudden surge in volume, it was pulled straight from 0.037 to 0.06538. The few volume bars at the top were the largest of the day, followed by a rapid drop back near 0.050, a typical profit-taking pullback after a sharp rise.
The rebound later failed to break through around 0.057, and it is now at 0.05426.
Structurally, the high of 0.06538 has not been retested, 0.057-0.058 has become near-term resistance, 0.050 is the first support, and below that 0.042 and 0.037 are the launch base.
Personal action: short
Entry: wait for a rebound to 0.05650-0.05800 to enter short
Stop loss: 0.06680
Take profit: first target 0.04950, second target 0.04200, third target around 0.03680.
Focus on the previous high at 0.06538 and support at 0.050. If the rebound cannot break through, continue shorting; if volume expands and it reclaims above 0.062, then reconsider.
For news-driven straight-up moves, don't chase longs in the middle of the move; wait for a pullback from the highs to the resistance area before acting.