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Quick technical analysis:
• Trend: The structure of the price increase is overwhelming. The price has broken the latest old peak ($0.04651) and is completely above the moving averages (MA5 to MA120). Short-term MA lines (MA5, MA10) are steeply steeply, confirming a huge buying force.
• Volume (Volume): The volume column in the current candlestick is high, indicating that a large cash flow has entered to push the price, not a virtual increase.
Trading advice:
• NO Long Chase (FOMO): The price is in the short-term overbought zone and reaches a 24-hour peak. It is very easy to have a technical adjustment rhythm (retest).
• Strategy: Wait for the price to correct/accumulate around the support area of $0.0394 - $0.0400 (the intersection of MA5 and MA10). If you maintain this area with decreasing volume, you can open a Long position to support the trend.
• Target (TP): The next resistance is around $0.0500.
• Stop loss (SL): Absolute below $0.0385 (MA20).

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