$GENIUS Today's market has shown strong momentum:
Intra-day, we skyrocketed from a low of $0.651, hitting a high of $0.818, with a 24-hour increase of +11.26%.
This is a quality rally: trading volume has shrunk to 0.0x the average, with market sentiment leaning towards caution. From the low point, the cumulative gain is +25.7%.
Currently, we've pulled back from the high of $0.818 to $0.744, a drop of 14.3%. The rapid decline in volume indicates that the bulls aren't panicking and this is a normal technical retracement.
The trend direction is upward, with a clear bullish structure. Now isn't the time to chase long positions.
I suggest waiting for the price to stabilize in the $0.687-$0.697 range before considering a long.
Set your stop-loss at $0.663.
Targeting $0.834-$0.833.
Risk-reward ratio is about 6.2:1 ✅
#NFT
Intra-day, we skyrocketed from a low of $0.651, hitting a high of $0.818, with a 24-hour increase of +11.26%.
This is a quality rally: trading volume has shrunk to 0.0x the average, with market sentiment leaning towards caution. From the low point, the cumulative gain is +25.7%.
Currently, we've pulled back from the high of $0.818 to $0.744, a drop of 14.3%. The rapid decline in volume indicates that the bulls aren't panicking and this is a normal technical retracement.
The trend direction is upward, with a clear bullish structure. Now isn't the time to chase long positions.
I suggest waiting for the price to stabilize in the $0.687-$0.697 range before considering a long.
Set your stop-loss at $0.663.
Targeting $0.834-$0.833.
Risk-reward ratio is about 6.2:1 ✅
#NFT