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TRADOOR's recent market movement is quite interesting. Starting from a low of $1.504, it has been oscillating upward along the moving averages. Although there have been several pullbacks, each was met with buying pressure, and the lows are gradually getting higher while new highs continue to be refreshed. Recently, the price broke through the previous consolidation range and surged to $1.868. Even after a slight pullback to $1.857, it still gained 3.05% within the day.
The 24-hour trading volume exceeded 26.36 million USDT, with a trading volume of 14.86 million. Interestingly, the trading volume has been gently expanding during the upward movement, indicating that funds are continuously accumulating. The previous consolidation range has essentially become a stepping stone for further upward movement.
From the data, the 7-day increase is 23.88%, and the 30-day increase is 22.41%, showing a strong medium-term trend. This steady pace of pushing higher reflects sustained bullish momentum.
In terms of operation, it is not recommended to chase the high now. Waiting for the price to pull back to the $1.80-$1.83 range and then entering with a small position would be more prudent, as these levels are recent key support zones. If you can enter, the first target can be set at $1.87, the second at $1.90. If it breaks the previous high, there is a chance to look toward $1.92. Set the stop-loss at $1.78; if it falls below this level, the short-term upward trend is likely to fail.
The current logic is clear: bulls should not be greedy for now, patiently wait for a pullback to buy low; for bears, avoid participating at this stage, as counter-trend trading is easily crushed by this steadily rising market.