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STABLE's recent rally has been quite fierce. From the 24-hour low of $0.011081 directly up to $0.013894, a 15.27% increase in a single day, moving very decisively with almost no significant correction, and the previous resistance levels have been cleanly broken through.
Currently, the price is stuck at $0.013041, with the MA7, MA25, and MA99 all below, forming a clear bullish alignment, just like three lines of defense stacking underneath to push the price upward. The trading volume has also surged, with 5.375 billion STABLE traded in the past 24 hours, and a turnover of 68.2094 million USDT. Over the past two days and the recent week, the gains are 14.06% and 10.52%, respectively, indicating strong short-term bullish momentum.
If you want to enter the market, don't rush to chase. Consider light positions if the price retraces to the $0.0128-$0.0130 range; or wait until it retests the MA7 (around $0.012978) for a more stable entry. If all goes well, take profit at $0.0135, $0.0140, and $0.0145 respectively. Set your risk level at $0.0125; if it breaks below, the bullish momentum might reverse.
Honestly, this rally has been quite aggressive, and there's already a significant amount of short-term gains accumulated. Chasing the high directly could lead to a pullback and disappointment. Until there's a clear confirmation that the price is stabilizing at support levels, avoid full positions betting on a continued rise. Bullish players should patiently wait for a retest of key moving averages before acting, and shorts should avoid forcing positions now. The bullish momentum still shows no signs of weakening, and the probability of losing money by opening counter positions is too high.