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$H 0.0751, up 26% in 24h but pulled back after hitting a high of 0.0808. Is this long upper shadow a shakeout or a sign of weakness? After three days of observation, the main force's accumulation is obvious, but the short-term selling pressure is also real.
Bullish reasons: 1) Trading volume of 460 million, breaking through the previous high of 0.07 on volume and not falling below it; 2) Fund flow shows continuous net buying in large orders, with support funds around 0.075 still present; 3) Sentiment in the crypto market is warming up, and the meme sector linkage effect is still active.
Bearish reasons: 1) Double top resistance at 0.0808; if the breakout fails, it could easily drop back to 0.065; 2) High turnover rate within 24 hours, short-term profit-taking selling pressure; 3) If BTC pulls back, small coins like this one will drop even more sharply.
My strategy: Not chasing at the current price. Wait for a pullback to 0.07-0.072 to go long with a light position, stop loss at 0.068, target 0.078-0.08. Position size no more than 20%.
Reply 1 if it will rise, 2 if it will crash.