$BULLA
Let's try another round of a pullback.
With the new contract launch + short squeeze action, it has now pulled back from the highs, so the priority is to look for shorts.
It first spiked to around 0.092, then started sweeping up and down; each high is weaker than the last. Now this big bearish candle smashed it down to 0.072, and the volume has already shrunk compared with the pump. 24h high/low: 0.0924/0.0536, amplitude 14%+, shorts are a bit crowded.
For this kind of meme coin, after the first wave, the most common pattern is to go sideways first and then dump back half or even more.
My personal plan: short
Entry: wait for a rebound to around 0.078-0.082 and scale in shorts.
Stop loss: set at 0.094-0.095
Take profit: first target 0.055, second target 0.042-0.045.
If it breaks 0.053, there is still room to move toward 0.03. Don't use too much size; this kind of coin can swing back and forth several times in a day.
If there is no new news, trade based on the price action. If the rebound stays weak, short it. If volume pushes it above 0.092, then change the plan. Manage your own risk; don't go all in.
Let's try another round of a pullback.
With the new contract launch + short squeeze action, it has now pulled back from the highs, so the priority is to look for shorts.
It first spiked to around 0.092, then started sweeping up and down; each high is weaker than the last. Now this big bearish candle smashed it down to 0.072, and the volume has already shrunk compared with the pump. 24h high/low: 0.0924/0.0536, amplitude 14%+, shorts are a bit crowded.
For this kind of meme coin, after the first wave, the most common pattern is to go sideways first and then dump back half or even more.
My personal plan: short
Entry: wait for a rebound to around 0.078-0.082 and scale in shorts.
Stop loss: set at 0.094-0.095
Take profit: first target 0.055, second target 0.042-0.045.
If it breaks 0.053, there is still room to move toward 0.03. Don't use too much size; this kind of coin can swing back and forth several times in a day.
If there is no new news, trade based on the price action. If the rebound stays weak, short it. If volume pushes it above 0.092, then change the plan. Manage your own risk; don't go all in.