YB's current market trend is quite interesting. It dropped from a high to $0.4190, which was a bit unsettling for traders' psychology, but look at how it responded—steadily holding near the 7-day and 25-day moving averages, then turning around to push out a large bullish candle, reaching a new high of $0.4777. Even after a slight correction later, it didn't fall below the support zone of the 7-day moving average at $0.4510. The 24-hour trading volume of 8.7 million USDT clearly indicates that new funds are actively buying the dip during the pullback, turning the moving average from a technical indicator into a booster for the rally. Bears have no chance to reverse the trend.
This performance is quite obvious—over 17% gain in 7 days, bullish momentum is strong, and the signal of active capital inflow is very clear.
Here's how to better align with this market:
• If you want to enter, don't chase the high. Wait for a pullback to the $0.46-$0.47 range to add small positions, with operations close to the 7-day moving average for better risk control.
• For bullish targets, set the first target at $0.48, then $0.49. If the previous high can be broken, reaching $0.50 is not a dream.
• The support level is at $0.45. If it falls below this, the recent rally is likely to lose momentum in the short term.
Currently, the bulls are in full control. Those going long should comfortably wait for a pullback to buy low. There's no need for shorts to go against the trend at this point. Trying to short a coin that just broke a new high will only lead to being crushed by the market. As long as it stays above the $0.45 bottom line, the bullish mindset can continue to hold.
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AirdropFatigue
· 01-06 12:51
This move definitely has some substance. Once the moving averages stabilize, the funds will follow. It looks like there is still room to run.
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VitalikFanAccount
· 01-05 20:51
Damn, the moving average is holding so tightly, the bears really have no chance.
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MEVHunterNoLoss
· 01-05 09:51
Wow, this wave of YB's trend is indeed a bit fierce. The moving average support is played very skillfully.
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GameFiCritic
· 01-05 09:42
The 8.7 million trading volume is the real data; moving averages to support the market are just superficial. New funds entering the market are the core logic.
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LiquidationWatcher
· 01-05 09:35
This wave of YB's movement is indeed quite aggressive, with moving averages holding firmly. The new funds are still very eager to buy the dip.
YB's current market trend is quite interesting. It dropped from a high to $0.4190, which was a bit unsettling for traders' psychology, but look at how it responded—steadily holding near the 7-day and 25-day moving averages, then turning around to push out a large bullish candle, reaching a new high of $0.4777. Even after a slight correction later, it didn't fall below the support zone of the 7-day moving average at $0.4510. The 24-hour trading volume of 8.7 million USDT clearly indicates that new funds are actively buying the dip during the pullback, turning the moving average from a technical indicator into a booster for the rally. Bears have no chance to reverse the trend.
This performance is quite obvious—over 17% gain in 7 days, bullish momentum is strong, and the signal of active capital inflow is very clear.
Here's how to better align with this market:
• If you want to enter, don't chase the high. Wait for a pullback to the $0.46-$0.47 range to add small positions, with operations close to the 7-day moving average for better risk control.
• For bullish targets, set the first target at $0.48, then $0.49. If the previous high can be broken, reaching $0.50 is not a dream.
• The support level is at $0.45. If it falls below this, the recent rally is likely to lose momentum in the short term.
Currently, the bulls are in full control. Those going long should comfortably wait for a pullback to buy low. There's no need for shorts to go against the trend at this point. Trying to short a coin that just broke a new high will only lead to being crushed by the market. As long as it stays above the $0.45 bottom line, the bullish mindset can continue to hold.