In the past week, $IN made a textbook-level bottom reversal move:
Starting from a low of $0.0713, it peaked at $0.0984, up +17.56% in 24 hours.
There are several key signals worth noting in this movement:
① Volume breakout confirms the intention of the main players.
Trading volume shrank to 0.0x the average, with market sentiment heavily cautious; the price shot up quickly, indicating a real directional choice.
② Insufficient volume requires monitoring for sustainability.
The drop from the intraday high of $0.0984 to the current $0.0917 is a normal technical correction.
③ Trend has turned bullish.
The trend is recovering; waiting for more signals to confirm.
But now is not the best entry point.
The current price of $0.0917 is in a 'not high enough, not low enough' position—chasing long trades with tight stop-losses isn't ideal; waiting for a pullback is more cost-effective.
Recommended trading plan:
Wait for a pullback to stabilize in the $0.0868-$0.0885 range before going long.
Set the stop-loss at $0.0898 (below the moving average support zone).
Target $0.0777-$0.103.
Risk-reward ratio approximately 3.0:1 ✅
The trend is confirmed; follow it without jumping the gun.
#NFT
Starting from a low of $0.0713, it peaked at $0.0984, up +17.56% in 24 hours.
There are several key signals worth noting in this movement:
① Volume breakout confirms the intention of the main players.
Trading volume shrank to 0.0x the average, with market sentiment heavily cautious; the price shot up quickly, indicating a real directional choice.
② Insufficient volume requires monitoring for sustainability.
The drop from the intraday high of $0.0984 to the current $0.0917 is a normal technical correction.
③ Trend has turned bullish.
The trend is recovering; waiting for more signals to confirm.
But now is not the best entry point.
The current price of $0.0917 is in a 'not high enough, not low enough' position—chasing long trades with tight stop-losses isn't ideal; waiting for a pullback is more cost-effective.
Recommended trading plan:
Wait for a pullback to stabilize in the $0.0868-$0.0885 range before going long.
Set the stop-loss at $0.0898 (below the moving average support zone).
Target $0.0777-$0.103.
Risk-reward ratio approximately 3.0:1 ✅
The trend is confirmed; follow it without jumping the gun.
#NFT