This $MEW recommendation is really fierce. It has risen by more than 20%. 😍
If you plan to enter the market, be sure to read carefully:
[Trading Opportunity Analysis]
1. This wave has risen by more than 20% in just a few days, and it has also broken the previous high on the 19th of this month, which means that this 20% may just be the beginning
2. Currently in a strong bullish trend, if you want to enter the market safely, 0.00571 is a good position, which is the most likely position for a pullback in a strong bullish market. Of course, there is also the risk of missing out
3. On the daily line, 7.27 encountered selling pressure near 0.008, so a resistance level will be formed at this position. After the price reaches this position, it may further consolidate and slightly pull back, but the overall outlook is still strong and bullish. In the selling pressure decline of 7.27, it can be seen that the trading volume is low. This is a typical "panic selling" behavior of the market maker. The purpose is not to ship, but to absorb funds and eat up more liquidity. Therefore, the so-called resistance level is actually a false resistance level. Once the dealer finishes absorbing funds below 0.008, the funds will be immediately removed from the resistance level, and the price will directly break the previous high. Thus, the sea of stars
Trading opportunities:
Short-term: stop profit near 0.008
Long-term: hold, this is just the beginning, the sea of stars is not impossible
