【FET】Clinton Daily Analysis July 3rd $FET

24-hour trend [Sideways]

【Buy and sell points】

Buy point 1: 1.200 USDT (close to the previous low, and there is support at the integer level)

Buy point 2: 1.150 USDT (further down to a stronger support level, and also an integer level)

Long stop loss point: 1.100 USDT (important support level after breaking through buy point 2)

Sell point 1: 1.400 USDT (close to the pressure range between EMA7 and EMA30, and an integer level)

Sell point 2: 1.500 USDT (close to the previous high, there is a possibility of greater selling pressure, and it is also an integer level)

Short stop loss point: 1.550 USDT (important pressure level after breaking through sell point 2)

【Price trend analysis】

K-line pattern:

The recent price fluctuations are large, and there have been many K-lines with long upper and lower shadows, indicating that market sentiment is unstable. There was a sharp drop on June 27, 2024 and June 28, 2024, followed by a rebound on June 30, 2024 and July 1, 2024, but it failed to continue.

Technical indicators:

MACD: Both DIF and DEA are negative, and the MACD histogram is close to the zero axis, indicating that it is currently in a weak oscillation state. In recent days, DIF and DEA have gradually approached each other, and there is a possibility of forming a golden cross.

RSI: RSI14 is currently at 38.7890, below 50, in a relatively weak area, but has not yet entered the oversold range (<span and there may be a rebound demand in the short term.

EMA: EMA7 (1.3675) < EMA30 (1.5915) < EMA120 (1.8171), showing a short arrangement, indicating that the medium- and long-term trend is still bearish. The current price is below all EMAs, showing obvious pressure.

Volume:

The volume increased significantly from June 24, 2024 to June 27, 2024, especially on June 26, 2024 and June 27, 2024, showing a large amount of selling. The volume has decreased in recent days, and the market is in a wait-and-see mood.

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