$币安人生 here we finally got a normal movement.
The day drew a dense green pillar: rose to $0.5759 (+18% per day), and on a good volume - scrolled more than 7 million USDT. What is important: they crossed the heavy MA(99) in the region of $0.5571.
How I look at the situation:
The impulse is strong, but RSI(6) has already accelerated to 77, so it's dangerous to go at the very top - we can cool down locally.
Where to get the profit:
The first local take asks for around $0.62.
If we break through this bar and fix it, the next logical level is $0.68, and then the range of $0.75-$0.80 is just a stone's throw.
It is logical to put a stop below the level of the failure - somewhere under $0.5380, and if the position is more long-term, then for MA(7)/MA(25) in the region of $0.4950.
The day drew a dense green pillar: rose to $0.5759 (+18% per day), and on a good volume - scrolled more than 7 million USDT. What is important: they crossed the heavy MA(99) in the region of $0.5571.
How I look at the situation:
The impulse is strong, but RSI(6) has already accelerated to 77, so it's dangerous to go at the very top - we can cool down locally.
Where to get the profit:
The first local take asks for around $0.62.
If we break through this bar and fix it, the next logical level is $0.68, and then the range of $0.75-$0.80 is just a stone's throw.
It is logical to put a stop below the level of the failure - somewhere under $0.5380, and if the position is more long-term, then for MA(7)/MA(25) in the region of $0.4950.