$USTC Violent surge of 73%! Is it an opportunity or a trap?
Current price: $0.01247 ๐๏ผ+73.19%๏ผ
Attributes: DeFi ยท Rising list
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Summary:
USTC surged over 70% in a single day, gaining momentum, but as a token with a โdark history,โ such increases often come with significant volatility and risk, so do not blindly chase the highs.
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Key points:
1. Strong breakout: The price has firmly surpassed all key moving averages (MA7/MA25/MA99), and the short-term trend has completely turned bullish.
2. Sufficient volume: Daily trading volume exceeds $47 million, indicating substantial capital participation, not just โpaper lifting.โ
3. Pressure nearby: The current price ($0.01247) is very close to the 24-hour high ($0.01394), and this position will face strong resistance.
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Key positions
ยท Upper resistance: $0.01394 (today's high, only higher can be seen after a breakout)
ยท Lower support: $0.01215 (MA7), $0.00934 (MA25)
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Operational thoughts (conservative version)
ยท If you already hold: This is high-risk profit, it is recommended to take profits in batches around $0.0135. If it drops below $0.0121, consider exiting.
ยท If you haven't bought yet: Absolutely do not chase the highs. USTC's volatility is immense, and after a day of skyrocketing, it can quickly pull back. If you really want to participate, you must wait for a deep correction (e.g., around $0.010) and stabilize before trying with a very small position, and set strict stop-loss.
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Important risk reminder
USTC (Terra Classic USD) has lost its stablecoin attributes, and its price is entirely driven by market sentiment and speculative funds, with extremely high fundamental risk. Such a surge can come quickly and go just as fast, participating in it is like โlicking blood on a knife's edge.โ
Remember: Better to miss out than to make a mistake.
#USTC #้ซ้ฃ้ฉ #ๆดๆถจ #ๅ ๅฏๅธๅบ่งๅฏ
(Personal analysis, not investment advice)
{future}(USTCUSDT)
