LIGHT this wave of market movement is indeed interesting. After rebounding from the low of $0.5850, it surged to a high of $0.6642, then consolidated around $0.6543, with a daily increase of over 10%. This rhythm suggests that buyers accumulated chips at the lows and then pushed higher, with 24-hour trading volume surpassing 26 million USDT and total volume approaching 42.32 million. The volume and momentum indicate that there is indeed a major force behind the scenes driving this move.

From a technical perspective, after touching the low of around $0.5836, a rebound was formed. Currently, this low acts like a springboard, with the bulls completing important position accumulation here. The short-term upward momentum is still quite strong, but to participate steadily in this rally, strategic planning is essential.

Regarding trading ideas, my suggestions are:

Chasing the high carries higher risk; it’s better to patiently wait for a pullback. If the price returns to the $0.6200 to $0.6300 range, that presents a good opportunity for low-cost entry. Using a small position to test the waters is more prudent, especially since this area is close to recent key support levels.

The upward targets can be viewed in stages, first focusing on the psychological barrier at $0.6600, then $0.6700. If the previous high is broken, there is still room up to $0.6800.

Risk control is very important—if the price falls below $0.6100, the short-term bullish momentum is likely to fail. This level can serve as a stop-loss reference.

Honestly, based on the 7-day decline of -6.70% and the 30-day decline of -23.10%, the medium term still faces some pressure. But the short-term bullish signals are clear: as long as $0.6100 is held as a bottom line, the bullish logic remains valid. For those looking to short, there’s no need to participate now; in such a rapid rally, going against the trend is just asking for trouble. For long positions, patience is key—wait for a pullback before entering, and don’t forget to control your position size to prevent risks from subsequent oscillations.