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BUSDT's recent trend has been really strong, like a rocket taking off. It first dropped to a low of $0.1918, then large funds quickly entered the market, causing the price to surge violently upward, directly reaching a new high of $0.2367, then pulling back slightly to $0.2268. The intraday increase is 15.19%, with a 24-hour trading volume of 22.07 million USDT and a total volume of 102 million. This explosive volume movement clearly indicates that big players are quietly accumulating at low levels before suddenly exerting force.
From the data, the 7-day increase is 69.00%, and the 90-day increase is 20.90%, showing that the short-term bullish momentum is indeed strong. Although the 180-day decline of 56.43% indicates medium-term resistance remains, the current upward trend is already very clear.
If you want to get involved, don't rush to chase the high. Wait for a pullback to the $0.2100-$0.2200 range, and enter with a small position for better safety. The first target is aligned with $0.2300, the second target looks at $0.2350. If it can break the previous high, then $0.2400 is within sight. The stop-loss is set at $0.2050; once it falls below this level, the short-term upward momentum is likely to weaken.
Bullish traders should be patient and wait for a pullback to buy in at lower levels. This approach helps to secure profits more safely and control risks. I do not recommend participating in short positions; in such violent upward movements, contrarian trading will only be completely crushed.