$ON This new shanzhai coin’s daily chart has already reached the previous high of 0.34. It may consolidate a lot here, but later it will definitely pump again—this might be one of the recent “yao” (wild) coins. Everyone should grasp the opportunity. On the four-hour chart, the momentum is getting stronger and stronger, but it will still give respect to the 0.34 daily resistance level. Here, a wick could form—so you can enter a long by catching that wick. You must absolutely not short.

On the one-hour chart, it’s even clearer: it has been moving sideways for two hours, then it pulled up a bit. But there are still lots of upper wicks here, so it should still dip down once below 0.34. At this point, even though the upside move is getting weaker, people might think about shorting—but it’s a shanzhai coin. It will insert a wick downward. Don’t short and bet on that wick, because it may not show up before you get liquidated. So just wait patiently for the wick, and then go long.