BIGTIME has recently started to show bullish signs on the daily chart, with a clear volume surge and rebound signal at the bottom area. From a technical perspective, this trend is quite interesting.
You might consider trying a short-term trade. The operation idea is very clear: first, enter to profit from the short-term price difference. If the direction is correct, observe whether there is external capital coming in to support the price, then decide whether to switch to a long-term hold. To be safe, place the stop-loss near the previous support level, around 0.017.
Short-term trading emphasizes quick entry and exit, capturing rebound windows. Of course, the premise is to control risk well; stop-loss levels must be set in advance, so you don’t realize too late after suffering bigger losses.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
3
Repost
Share
Comment
0/400
DefiPlaybook
· 13h ago
Based on on-chain data, the trading volume during this rebound is indeed noteworthy, but beware of false breakouts.
However, speaking of which, setting the stop-loss at 0.017 is too far back. Calculated based on historical volatility, the risk-reward ratio is only 1:2.3, which is not very cost-effective.
Based on my observations of similar projects, after a bottom-volume rebound, it usually takes three days of sustained trading volume to determine whether it's a genuine breakout or not.
View OriginalReply0
FUD_Vaccinated
· 13h ago
Bottom volume rebound, I’m familiar with this trick, just worried it’s a trap to lure more buyers. However, setting the stop loss at 0.017 is indeed prudent, the key is whether there is significant capital follow-up.
View OriginalReply0
GasBandit
· 13h ago
The bottom volume pattern has been seen too many times. Is there really a chance this time?
BIGTIME has recently started to show bullish signs on the daily chart, with a clear volume surge and rebound signal at the bottom area. From a technical perspective, this trend is quite interesting.
You might consider trying a short-term trade. The operation idea is very clear: first, enter to profit from the short-term price difference. If the direction is correct, observe whether there is external capital coming in to support the price, then decide whether to switch to a long-term hold. To be safe, place the stop-loss near the previous support level, around 0.017.
Short-term trading emphasizes quick entry and exit, capturing rebound windows. Of course, the premise is to control risk well; stop-loss levels must be set in advance, so you don’t realize too late after suffering bigger losses.