$FF This breakout on increased volume isn’t something retail investors can hold up.
On the 4-hour timeframe, the trading volume was pulled directly from the reduced level of the previous cycle straight up to 157 million, with the total trading value rising to 19.73 million USD as well. The price was then pushed from 0.11824 all the way to 0.13781, a gain of 15.22%—the key is that this volume hasn’t contracted above 0.13, which suggests the chasing-buyers haven’t fully exited yet. In the short term, first watch whether it can hold above 0.14. If it holds, the next resistance is around 0.145. If it can’t, then it may pull back to 0.128. If that level breaks, it would indicate a fakeout.
Set the stop-loss below 0.11824—slightly under the start point of this move. The loss would be about 6%, for a potential gain of 12%+; whether it’s worth it, you can calculate yourself.
After a volume breakout, the worst scenario is a low-volume, sideways consolidation. We’ll know whether it’s a real breakout or a bull trap as soon as the next 4-hour candle closes. What do you think—can $FF hold steady above 0.14 this time?
#FF
On the 4-hour timeframe, the trading volume was pulled directly from the reduced level of the previous cycle straight up to 157 million, with the total trading value rising to 19.73 million USD as well. The price was then pushed from 0.11824 all the way to 0.13781, a gain of 15.22%—the key is that this volume hasn’t contracted above 0.13, which suggests the chasing-buyers haven’t fully exited yet. In the short term, first watch whether it can hold above 0.14. If it holds, the next resistance is around 0.145. If it can’t, then it may pull back to 0.128. If that level breaks, it would indicate a fakeout.
Set the stop-loss below 0.11824—slightly under the start point of this move. The loss would be about 6%, for a potential gain of 12%+; whether it’s worth it, you can calculate yourself.
After a volume breakout, the worst scenario is a low-volume, sideways consolidation. We’ll know whether it’s a real breakout or a bull trap as soon as the next 4-hour candle closes. What do you think—can $FF hold steady above 0.14 this time?
#FF