Based on the $PTB USDT charts, the coin is currently experiencing a significant pump of over 55%. Here are two potential trade setups considering the current volatility:
1. Short Setup (Anticipating a Correction)
Since the price has moved up very quickly and is far from its daily Moving Averages, a "mean reversion" or profit-taking dip is likely.
Entry Range: $0.00315 - $0.00330
Stop Loss (SL): $0.00355 (Above recent local resistance)
Take Profit (TP):
TP1: $0.00280
TP2: $0.00250 (Near the 1-hour MA-25)
TP3: $0.00220
2. Long Setup (Buying the Retest)
Do not buy at the current peak. Wait for the price to cool down and test a previous resistance-turned-support level.
Entry Range: $0.00245 - $0.00260
Stop Loss (SL): $0.00225
Take Profit (TP):
TP1: $0.00300
TP2: $0.00340
TP3: $0.00380
Important Notes:
Volatility: These "Perpetual" pairs for low-cap coins can be highly manipulated. Use low leverage (3x-5x maximum).
Trend: The 1-day chart shows a long-term downward trend. This current move is a strong bounce, but it needs to hold above $0.0025 to prove it's a trend reversal rather than just a temporary pump.
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