$IDOL is going parabolic! Massive Volume Breakout!
The token has absolutely exploded with a massive +76% move in the last 24 hours.
Here is what the chart is telling us:
- The Breakout: Price smashed through heavy resistance and is currently sitting at 0.041137.
- Volume: Look at that volume bar! We are seeing massive buying pressure (298M USDT in 24h). This isn't retail buying; the volume confirms the trend.
- Moving Averages: The MA(7), MA(25) and MA(99) are perfectly fanned out and pointing up. The price is way above the MA(7) (0.029), which shows extreme bullish momentum but also means we are heavily overbought right now.
My Strategy:
Do NOT FOMO at the top of this giant green candle. The price is extended from the moving averages. I am waiting for a pullback/retest to the 0.030 - 0.035 zone (around the MA7) to look for an entry.
Are you holding $IDOL or waiting for the dip? 👇
#IDOL #Meet48 #BinanceSquare
The token has absolutely exploded with a massive +76% move in the last 24 hours.
Here is what the chart is telling us:
- The Breakout: Price smashed through heavy resistance and is currently sitting at 0.041137.
- Volume: Look at that volume bar! We are seeing massive buying pressure (298M USDT in 24h). This isn't retail buying; the volume confirms the trend.
- Moving Averages: The MA(7), MA(25) and MA(99) are perfectly fanned out and pointing up. The price is way above the MA(7) (0.029), which shows extreme bullish momentum but also means we are heavily overbought right now.
My Strategy:
Do NOT FOMO at the top of this giant green candle. The price is extended from the moving averages. I am waiting for a pullback/retest to the 0.030 - 0.035 zone (around the MA7) to look for an entry.
Are you holding $IDOL or waiting for the dip? 👇
#IDOL #Meet48 #BinanceSquare
