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$ON this wave of 16% volume increase to push the price up, with a trading volume of 2M hitting a 7-day high, 0.0748 is the solid bottom. I bet it will stabilize above 0.09 by the close today, or else I'll be eating my keyboard live. On-chain data: large buy orders account for 68%, retail investors are still on the sidelines; contract holdings increased by 12% but the long-short ratio is only 1.1, the bears haven't surrendered, short-term will see a sharp rise and harvest.
Trading suggestion: at the current price of 0.0883, go directly into the bottom position, add on dips at 0.085, stop loss at 0.0745. First target 0.095, second target 0.105. Keep position at 30%, don’t be greedy. Watch out for the resistance at the previous high of 0.0893; only add on volume breakout, otherwise wait for a pullback.
If you think I’m wrong, take a screenshot and come back tomorrow to prove me wrong. Focus solely on on-chain anomalies, signals will be sent early on Gate Square.