đ $MET is up a massive +50% after a vertical pump to 0.4821! But is this a bull trap or just getting started? đđŻïž
Entry: đŻ 0.4400 - 0.4550
SL: đ 0.3950
TP: đ° TP1: 0.4821 | TP2: 0.5000 | TP3: 0.5500
$MET exploded out of nowhere, printing a massive vertical pump from 0.2823 straight to a local high of 0.4821 đ. It's currently consolidating around 0.4697, still holding a massive +50% gain for the day. The price is currently miles above all moving averages (MA7 is at 0.3992, while the price is 0.4697!). This chart is severely overextended. Chasing a green candle this massive on a DeFi token is how you become exit liquidity. I'm waiting for a proper pullback and consolidation before considering an entry. If it loses 0.40, the momentum is dead and a full retrace is likely.
Am I wrong? Tell me below đ
Entry: đŻ 0.4400 - 0.4550
SL: đ 0.3950
TP: đ° TP1: 0.4821 | TP2: 0.5000 | TP3: 0.5500
$MET exploded out of nowhere, printing a massive vertical pump from 0.2823 straight to a local high of 0.4821 đ. It's currently consolidating around 0.4697, still holding a massive +50% gain for the day. The price is currently miles above all moving averages (MA7 is at 0.3992, while the price is 0.4697!). This chart is severely overextended. Chasing a green candle this massive on a DeFi token is how you become exit liquidity. I'm waiting for a proper pullback and consolidation before considering an entry. If it loses 0.40, the momentum is dead and a full retrace is likely.
Am I wrong? Tell me below đ