Evening analysis: $BLAST
BLAST's 1-hour price trend: down.
This is a 1-hour BitMEX BLAST/USDT candlestick chart, the latest price is: 1.8650 USDT, including EMA, MACD, KDJ and volume indicators.
[Buy and sell points]
Buy point 1: 1.90 USDT (considering that the price has fallen sharply from the high, there may be a technical rebound, and 1.90 is the support level after the recent small rebound)
Buy point 2: 1.80 USDT (if it continues to fall, 1.80 may be a psychological barrier and a potential stronger support level, suitable as a deeper buy point)
Long stop loss point: 1.75 USDT (lower than buy point 2, giving the market room for fluctuations while limiting potential losses)
Sell point 1: 2.00 USDT (if a rebound occurs, 2.00 is an integer barrier, a common selling pressure area, suitable as an initial profit-taking point)
Sell point 2: 2.20 USDT (further rise may be blocked near the previous lower peak, suitable as the second profit-taking point)
Short stop loss point: 2.30 USDT (exceeding the second selling point, leaving enough space to avoid triggering stop loss due to small fluctuations, while limiting the potential loss of short-selling strategies)
[Price trend analysis]
K-line pattern:
From 00:00 on June 25 to 01:00 on June 26, the price remained at 4.6 without fluctuations, showing a series of sideways K-lines without long upper and lower shadows. After that, the price fell sharply until the latest price of 1.8650. This rapid decline usually does not have a specific K-line combination pattern.
Technical indicators:
The MACD indicator shows that both DIF and DEA are in the negative area, and the MACD histogram also shows a negative value, indicating that the current market is in a clear downward trend. The KDJ indicator fell sharply from a high level. The J value reached an extreme high at 10:00 on June 26 and then fell back quickly, which may indicate an overbought situation and the subsequent price adjustment. The EMA indicators EMA(7) and EMA(30) are both downward, and EMA(7) has crossed EMA(30), forming a death cross, further confirming the downward trend. Public account of the museum: Xiye Miao, Mianfei Jiatao Lun Skirt
Trading volume:
During the period of sharp price decline (01:00 on June 26), trading volume increased, which may indicate that the downward trend has been recognized by market participants. The subsequent decrease in trading volume may be due to the low market acceptance of the current price level or the strengthening of wait-and-see sentiment.
