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#TAIKO $TAIKO The 15m chart surged again, currently at $0.4181, up 418.09% in 24h.
Looking at this 15m abnormal move, the short-term trend is still following through, but the more urgent it gets, the more you need to watch for a pullback.
However, there is one thing: 89% of longs are still in unrealized profit. The funding rate is at -0.413%, with no weak bearish sentiment. If a pullback happens, it depends on whether the downside can absorb the pressure.
On the chart, one looks at the structure, the other looks at the candlesticks. Don't just look at a single candle's movement.
Below, $0.40765 is the lifeline; above, $0.43064 is the initial target.