Why is this coin rising so sharply right now? In the past 24 hours, it’s already up more than 200%. It looks like the bulls are strong, but it feels like it has already surged a lot. If you trade futures now, would it be better to go long or short? If going long, personally I’d wait for a pullback to around 0.120–0.124 before entering.

Long plan: Entry: 0.120–0.124
TP1: 0.135
TP2: 0.142
SL: 0.115

If there’s a clear breakout near 0.142 and it holds, you can continue to look for 0.150–0.155.

If you’re considering a short, it’s recommended to wait until around 0.138–0.142 for a clear pullback and rejection before entering: Entry: 0.138–0.142
TP1: 0.128
TP2: 0.118
SL: 0.146

What do you think is more suitable here: going long or short? Are the TP and SL levels set reasonably?

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