$EPIC just made a strong move today:
Intraday, we saw a quick pump from $0.447 to a peak of $0.557, marking a +12.97% gain in 24 hours.
This is a quality pump: low volume action, with trading only at 0% of usual levels, indicating a potential trend reversal is on the horizon, with a cumulative increase of +24.6% from the lows.
Currently, we've dipped from the high of $0.557 down to $0.512, a pullback of 14.5%. Volume is rapidly shrinking, suggesting bulls aren’t panicking; this is just a normal technical retracement.
The trend has somewhat repaired, but we still need to watch for stabilization.
Now isn't the time to chase long positions.
I recommend waiting for a price retracement to stabilize in the $0.512-$0.520 range before considering a long.
Set your stop-loss at $0.530.
Targets are set at $0.459-$0.574.
Risk-to-reward ratio is about 3.0:1 ✅
#DeFi
Intraday, we saw a quick pump from $0.447 to a peak of $0.557, marking a +12.97% gain in 24 hours.
This is a quality pump: low volume action, with trading only at 0% of usual levels, indicating a potential trend reversal is on the horizon, with a cumulative increase of +24.6% from the lows.
Currently, we've dipped from the high of $0.557 down to $0.512, a pullback of 14.5%. Volume is rapidly shrinking, suggesting bulls aren’t panicking; this is just a normal technical retracement.
The trend has somewhat repaired, but we still need to watch for stabilization.
Now isn't the time to chase long positions.
I recommend waiting for a price retracement to stabilize in the $0.512-$0.520 range before considering a long.
Set your stop-loss at $0.530.
Targets are set at $0.459-$0.574.
Risk-to-reward ratio is about 3.0:1 ✅
#DeFi