🚨 EPIC surged 15.3% in just 1 hour, then jumped another 4.4% in 5 minutes, with volatility soaring to 7.2 times its previous level!
But here’s what’s interesting: Binance announced it will close spot trading on October 28, and EPIC had already fallen about 30% over the previous 24 hours. Meanwhile, OI rose 4.1% to $3 million, and retail bearish sentiment reached 4.5 times its previous level. The data may reflect different points in time, so don’t rush to conclusions.
📊 What does this mean? Some are buying the dip, while others are adding short positions into the rebound. The biggest risk isn’t getting the direction wrong—it’s chasing the rally near the top and becoming the last one in.
🎯 The key right now isn’t guessing the direction, but waiting for confirmation from the next 1-hour candle. If price holds above a breakout level on rising volume, the rebound may have room to continue; if the rally fails, watch out for a long squeeze.
My view: cautious and on the sidelines—I absolutely wouldn’t chase the price blindly. I’d turn bullish only after a confirmed breakout; if it falls back into the weak range, I’d stay defensive.
Will EPIC’s rebound continue, or will it return to the bears’ target of $0.1980? 👇 #EPIC #TradingPsychology
But here’s what’s interesting: Binance announced it will close spot trading on October 28, and EPIC had already fallen about 30% over the previous 24 hours. Meanwhile, OI rose 4.1% to $3 million, and retail bearish sentiment reached 4.5 times its previous level. The data may reflect different points in time, so don’t rush to conclusions.
📊 What does this mean? Some are buying the dip, while others are adding short positions into the rebound. The biggest risk isn’t getting the direction wrong—it’s chasing the rally near the top and becoming the last one in.
🎯 The key right now isn’t guessing the direction, but waiting for confirmation from the next 1-hour candle. If price holds above a breakout level on rising volume, the rebound may have room to continue; if the rally fails, watch out for a long squeeze.
My view: cautious and on the sidelines—I absolutely wouldn’t chase the price blindly. I’d turn bullish only after a confirmed breakout; if it falls back into the weak range, I’d stay defensive.
Will EPIC’s rebound continue, or will it return to the bears’ target of $0.1980? 👇 #EPIC #TradingPsychology