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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.