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Currently around 71,519 USDT. Do you think we should keep grinding higher, or is it about time for a pullback?
If I had to give a conclusion, I’d lean more towards: a strong consolidation rather than a sign of weakness.
Here’s my main reasoning:
First, there’s no continuous sell-off in the order book, so in the short term, it looks more like consolidation than weakening.
Second, the key support area is seeing decreasing volume, indicating that selling pressure isn’t as heavy as imagined.
To add one more point, I only trade high-position sentiment tokens; I avoid low-position slow-rising coins and weak coins that have already fallen apart.
My target entry point: 71,071 USDT
Initial take-profit level: 75,370 USDT
Stop-loss reference: 69,352 USDT
But the biggest risk at this level is a false breakout followed by a quick drop back.