TOWNS suddenly accelerated today, with a gain of 5.09%🔥
From a technical perspective, the TOWNS price on a major exchange's futures market also surged by 3.72%, with daily trading volume exceeding 314,000. This volume-price combination indicates a clear increase in market participation. Many traders are focusing on the weekly chart, believing that this wave of market movement may just be the beginning, with some even projecting a threefold increase.
Discussions in the community are also quite lively. Some point out that recent spikes have indeed triggered short squeeze possibilities, with short-term upward potential estimated at 10-15%. Overall sentiment is quite optimistic, with about 80% of voices looking for buying opportunities. However, some also warn to be cautious of posts with very low engagement—these are often potential information traps.
If you're considering participating, you might look at around 0.0065 as an entry point, with targets in the 0.0075-0.0080 range, and set stop-loss below 0.0055. This assumes that the current upward momentum can continue—but don't forget the risks of pump and dump schemes, as small tokens tend to be highly volatile.
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LiquidationWatcher
· 12h ago
ngl watched this exact pattern play out in 2022... volume spike looks clean but those low-engagement posts? classic pump setup tbh. health factor on leverage positions must be getting crushed rn, margin calls incoming if this reverses. not financial advice but... maybe size down before the rug pull happens? been there, lost that already.
Reply0
ContractFreelancer
· 12h ago
It's another case of price and volume moving together, feeling like it could plunge at any moment... But 0.0065 is indeed a bit tempting, just worried that the pump and dump scheme might be coming back again.
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SorryRugPulled
· 12h ago
Here comes the story of triple again, whether you believe it or not, I have been trapped before anyway.
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GateUser-beba108d
· 12h ago
Wait a minute, is this 3x expectation just hype again? Pump and dump, this trick is too familiar.
TOWNS suddenly accelerated today, with a gain of 5.09%🔥
From a technical perspective, the TOWNS price on a major exchange's futures market also surged by 3.72%, with daily trading volume exceeding 314,000. This volume-price combination indicates a clear increase in market participation. Many traders are focusing on the weekly chart, believing that this wave of market movement may just be the beginning, with some even projecting a threefold increase.
Discussions in the community are also quite lively. Some point out that recent spikes have indeed triggered short squeeze possibilities, with short-term upward potential estimated at 10-15%. Overall sentiment is quite optimistic, with about 80% of voices looking for buying opportunities. However, some also warn to be cautious of posts with very low engagement—these are often potential information traps.
If you're considering participating, you might look at around 0.0065 as an entry point, with targets in the 0.0075-0.0080 range, and set stop-loss below 0.0055. This assumes that the current upward momentum can continue—but don't forget the risks of pump and dump schemes, as small tokens tend to be highly volatile.