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The current price is approximately around 0.3152 USDT. Do you think we should continue grinding higher here, or is it about time for a pullback?
To give a quick conclusion, I lean more towards: after the pullback ends, the trend will continue to strengthen.
Here's my main perspective:
First, the structure hasn't been broken, and the trend momentum is still relatively strong.
Second, the key support area is seeing decreasing volume, indicating that selling pressure isn't as heavy as expected.
One more point: if Bitcoin (BTC) isn't strong, altcoins have room for a waterfall decline; if BTC shows a strong upward trend on the 15-minute/1-hour charts, abandon the short positions altogether.
Suggested entry price: 0.3127 USDT
Initial take-profit target: 0.3316 USDT
Stop-loss reference: 0.3051 USDT
But the biggest risk at this level is the support suddenly breaking down.