$S BUILD AN 18% SURGE IN COLUMNS: IS THE MATERIAL BREAKING A NEW MILESTONE HIGH?
The S chart on the short-term timeframe has just recorded an impressive breakout phase as the uptrend column surged strongly by 18%. After forming a bottom around 0.03893, buying pressure exploded, pushing the price close to the previous high of 0.04723.
Technical signals are still supporting the uptrend: the EMA is sloping upward, the MACD keeps a positive divergence, and the Supertrend remains green. The Bulls are still in control, but the price pressing near the 24h high could trigger short-term profit-taking pressure.
Therefore, a FOMO Long at the current price is not the optimal choice. A safer strategy is to wait for a mild pullback toward the support zone to catch the next up-move, or wait for a candle close above 0.04723 with strong buy volume to confirm the breakout.
Reference Long setup:
Entry: 0.0441–0.0448
TP: 0.0472–0.0510
SL: 0.0425
$S
The S chart on the short-term timeframe has just recorded an impressive breakout phase as the uptrend column surged strongly by 18%. After forming a bottom around 0.03893, buying pressure exploded, pushing the price close to the previous high of 0.04723.
Technical signals are still supporting the uptrend: the EMA is sloping upward, the MACD keeps a positive divergence, and the Supertrend remains green. The Bulls are still in control, but the price pressing near the 24h high could trigger short-term profit-taking pressure.
Therefore, a FOMO Long at the current price is not the optimal choice. A safer strategy is to wait for a mild pullback toward the support zone to catch the next up-move, or wait for a candle close above 0.04723 with strong buy volume to confirm the breakout.
Reference Long setup:
Entry: 0.0441–0.0448
TP: 0.0472–0.0510
SL: 0.0425
$S
