This cryptocurrency's 1-hour K-line has recently experienced a strong surge, with a rise of 19%, and the trading volume has also increased significantly, clearly indicating that funds are entering the market.
From a technical perspective, the price has already stabilized above the 7-day and 25-day moving averages, suggesting that short-term support is quite solid, which provides a foundation for subsequent upward movement. The upward space has now opened, but caution is still advised.
The entire Chinese crypto sector is currently experiencing a collective breakout. This rally is supported by sector-wide linkage, indicating that it is not just the action of a few individual coins, but a more widespread trend. However, during such times, FOMO emotions can lead to chasing highs, increasing the risk of getting caught in a trap. It is recommended to patiently wait for a pullback opportunity to buy low, rather than blindly following the trend and rushing upward.
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ZenMiner
· 6h ago
19% in one hour, this move is a bit fierce, but I still want to wait for a pullback before taking action.
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RetroHodler91
· 6h ago
Be careful when chasing high; one hand could get trapped. I'll wait for the pullback before jumping back in.
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WalletWhisperer
· 6h ago
honestly the volume spike here screams algorithmic clustering... whale wallets doing their thing again
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DaoTherapy
· 6h ago
Pulled up 19 points in an hour. This move is a bit aggressive, but I still want to wait for a pullback before getting in.
This cryptocurrency's 1-hour K-line has recently experienced a strong surge, with a rise of 19%, and the trading volume has also increased significantly, clearly indicating that funds are entering the market.
From a technical perspective, the price has already stabilized above the 7-day and 25-day moving averages, suggesting that short-term support is quite solid, which provides a foundation for subsequent upward movement. The upward space has now opened, but caution is still advised.
The entire Chinese crypto sector is currently experiencing a collective breakout. This rally is supported by sector-wide linkage, indicating that it is not just the action of a few individual coins, but a more widespread trend. However, during such times, FOMO emotions can lead to chasing highs, increasing the risk of getting caught in a trap. It is recommended to patiently wait for a pullback opportunity to buy low, rather than blindly following the trend and rushing upward.