This is crazy 🤣 the volume is too low for such trading.
Mila Rose
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Bullish
$DATA
/USDT Strong Bull Run Outlook Confirm 🚀🔥 💯 Enter Now ! Profit Awaits 💥
Market Insight:📊
$DATA is up 8.08%, indicating strong bullish momentum. The price is testing the 24h high at $0.04264, with the potential to move further if resistance breaks. A pullback to $0.04150 could offer a solid entry point.
🚀 Entry:
Buy at $0.04240 or wait for a pullback to $0.04150.
🎯 Targets:
Target 1: $0.04264 (24h High, key resistance)
Target 2: $0.04280 (Next resistance level)
🔒 Exit Strategy:
Take partial profits around $0.04264 if resistance holds.
Stop Loss: Set at $0.04150 for protection in case of a pullback.
$DATA is catching up a good trend and people still suggest scalp (1-2%) trades. Doesn’t make sense to me. Volume is too low. You’re gonna drown it. Let it flourish instead like $PHA
$DATA is suited for long term trades. Long or short positions. Keep seeing scalp trades that imo with such a low volume don’t make sense.
Let’s dive in. Roughly 400k of DATA moves price for 2%. Up or down. That’s $20k. If we take multiple traders into account and trade fees, it leave very little room for profit.
My suggestion is to be patient in whatever sentiment you think is right. It has a potential to become new $PHA and a history of 6x ATH.
$DATA is still not ready for scalp, 1-2%, trades. There simply isn’t enough volume to liquidate such trades in a meaningful way. Just look at the order book and take other traders into account.
This token is currently suited more for long term trades. Personally, hoping for $PHA scenario.
$DATA there isn’t enough volume for scalp trading. All these 1-2% trades don’t make sense until it evolves a bit. You’re losing money since that’s exactly what grid bots want. Look at the order book.
Instead, rather keep long or short position and let it become new $PHA . They are similar in every way.