If this were just a bull trap, nobody would be dumping volume five times the usual amount to force their way through resistance that had held for a full 90 days.
CHIP broke straight through 0.06237 to set a new local high. Spot trading volume surged fivefold, while open interest in futures also jumped 88.3%. A breakout on rising volume combined with a sharp increase in open interest shows that the bulls aren't short-term traders just looking to make a quick hit and run—they're aggressively rebuilding their positions at this key level.
Once a ceiling that has held for three months is smashed through, it becomes the strongest support around. Given the current market action, as long as the 0.062 level holds firm, a pullback is an opportunity to get in. The risk of sitting on the sidelines and missing out is far greater than the risk of going long with the trend.
#以太坊突破2500USDT #CHIP $CHIP
#LUMIA $LUMIA
👇
CHIP broke straight through 0.06237 to set a new local high. Spot trading volume surged fivefold, while open interest in futures also jumped 88.3%. A breakout on rising volume combined with a sharp increase in open interest shows that the bulls aren't short-term traders just looking to make a quick hit and run—they're aggressively rebuilding their positions at this key level.
Once a ceiling that has held for three months is smashed through, it becomes the strongest support around. Given the current market action, as long as the 0.062 level holds firm, a pullback is an opportunity to get in. The risk of sitting on the sidelines and missing out is far greater than the risk of going long with the trend.
#以太坊突破2500USDT #CHIP $CHIP
#LUMIA $LUMIA
👇