$C /USDT Perpetual - LONG Setup
Trade Plan:
Entry: 0.07750 – 0.07900
SL: 0.07400
TP1: 0.08250
TP2: 0.08650
TP3: 0.09200
This setup we have taken after the strong pump to ~0.104 highs with massive volume.
Why this setup?
Price made a vertical +25%+ move in 24h on huge volume (5B+ tokens), breaking out from lower base and holding above EMA(99) ~0.0645 as strong support. Now pulling back to EMA(25) ~0.0792 and EMA(7) ~0.081 zone, which is acting as dynamic support during the retracement. RSI(6) at 37.48 is approaching oversold – this cooldown after parabolic pump often gives fuel for continuation higher in new listings with hype. Fibonacci pullback is at 0.236–0.382 zone (~0.082–0.086), perfect dip buy area before next leg. Higher timeframes show breakout structure intact, volume supports upside bias in AI/DeFi narrative token like Chainbase.
Professional Debate:
Is this pullback to EMA/Fib support the ideal dip buy for continuation in the pump, or just a trap before deeper retracement after such explosive volume?
What do you think – bulls reloading or bears taking control? Share your levels, ideas or current chart below!
Follow for More Crypto Updates 🥰
#C #Chainbase #BinanceFutures #TechnicalAnalysis #cryptotrading $C $THE
