Telcoin rises 13% in a single day, accumulating a rise of 83% after favourable information from regulators. Should we chase it?

Question

[Coin World] Telcoin&#39;s recent pump is quite fierce — it has risen 13.3% in the last 24 hours and the volume has exploded by 177%, bouncing up from that key position of $0.00475.To be honest, this matter dates back to November 12th of last year. At that time, Telcoin received regulatory approval to establish the first blockchain digital asset bank in Nebraska. As soon as the news broke, the price began to soar, rising a total of 83% to date. Their CEO Paul Neuner was quite excited at the time, saying that the eUSD stablecoin they were going to issue would be the first fully compliant, bank-issued on-chain dollar - which is quite rare under the US regulatory system.From a technical perspective, Telcoin has been on the rise for the past ten days, with a period of sideways consolidation in between. However, at this level of (, between 0.0047 and 0.0057 USD, I suggest that friends trading should keep an eye out: rather than blindly chasing the highs and waiting for a breakout, it would be better to consider taking profits in batches within this range. After all, a rapid rise in the short term also carries a risk of correction.

RadioShackKnight · Accepted Answer

It's already up 83% and you still want me to chase it? Bro, I’m probably late to this wave. I’ll wait for a pullback.

MagicBean · Answer

Favourable Information from regulation is here again, the old routine. It has already risen by 83%, so what are you chasing? The pullback risk is not clearly stated by anyone, right?

AirdropHunterKing · Answer

I&#39;ve seen this kind of regulatory approval too many times. An 83% rise sounds impressive, but this level can directly pull back without discussion. There&#39;s only this little space from 0.0047 to 0.0057, and the way to go is to rug pull in batches.

PensionDestroyer · Answer

After the regulatory approval, it rose by 83%. This wave is indeed a bit fierce... But is it worth chasing now? I think it&#39;s risky. A 13% single-day rise is often the rhythm of a bull trap, be careful of catching a falling knife at high positions.

ApeEscapeArtist · Answer

An increase of 83%, is this wave real or are we going to be played for suckers again...