1000PEPE has been getting interesting lately. The 30-minute candlestick trading volume suddenly surged by 54.4%, and such abnormal volume movements often signal that a market trend is about to start.
Currently, the price is at 0.0059826 USDT. Looking downward, the key support level is at 0.0059419, less than 1% away from the current price (specifically 0.68%). The support zone ranges from the lower boundary at 0.0059419 to the upper boundary at 0.0060534, which is a relatively dense area.
From a trading perspective, approaching support levels can indeed present long opportunities. The trading idea is as follows: place a buy order near 0.0059419, aiming for the resistance level at 0.0061853. Although the potential gain isn't large, the success rate is relatively high.
The key point is the abnormal volume movement. Increased volume often indicates that a major move is coming, and the recent volume breakout of 1000PEPE is worth close attention. How the subsequent trend develops still requires ongoing observation.
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DefiPlaybook
· 11h ago
54.4% of the trading volume broke through, was this not caused by a flash loan this time?
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MevSandwich
· 01-11 10:54
This surge in volume definitely needs to be watched closely, but the 0.68% margin... feels a bit flimsy.
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CommunityLurker
· 01-11 10:54
How many times have I said that volume breakout is a scam... 99% of the time it's a fake breakout...
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FarmHopper
· 01-11 10:51
I've heard the phrase "breakout with high volume" too many times. Let's wait until it breaks below the support before discussing it again.
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BloodInStreets
· 01-11 10:38
Trading volume breaks the record? This trick has been played too many times, every time saying "big moves are coming," but what happens... you're trapped halfway up the mountain again. But since the support is so close, it's definitely worth a gamble.
1000PEPE has been getting interesting lately. The 30-minute candlestick trading volume suddenly surged by 54.4%, and such abnormal volume movements often signal that a market trend is about to start.
Currently, the price is at 0.0059826 USDT. Looking downward, the key support level is at 0.0059419, less than 1% away from the current price (specifically 0.68%). The support zone ranges from the lower boundary at 0.0059419 to the upper boundary at 0.0060534, which is a relatively dense area.
From a trading perspective, approaching support levels can indeed present long opportunities. The trading idea is as follows: place a buy order near 0.0059419, aiming for the resistance level at 0.0061853. Although the potential gain isn't large, the success rate is relatively high.
The key point is the abnormal volume movement. Increased volume often indicates that a major move is coming, and the recent volume breakout of 1000PEPE is worth close attention. How the subsequent trend develops still requires ongoing observation.