$JUP 24-hour trend [horizontal]

[Buy and sell points]

Buy point 1: 0.750 USDT (close to the previous low, and there is support at the integer level)

Buy point 2: 0.700 USDT (further down to a stronger support range, while taking into account the support role of the integer level)

Long stop loss point: 0.680 USDT (20 basis points below buy point 2 to prevent false breakthroughs)

Sell point 1: 0.850 USDT (close to the previous high, with obvious selling pressure)

Sell point 2: 0.900 USDT (new pressure area may be encountered after breaking through the previous high, and there is psychological resistance at the integer level)

Short stop loss point: 0.920 USDT (20 basis points above sell point 2 to prevent false breakthroughs)

[Price trend analysis]

K-line pattern:

The recent K-line shows obvious fluctuations. After the big positive line appeared on June 27, the price fluctuated in the range of 0.77 to 0.89. The closing prices were close for two consecutive days on July 3 and 4, but failed to break through the previous high, forming a short-term consolidation pattern.

Technical indicators:

MACD: Both DIF and DEA are negative, but the MACD histogram is gradually shrinking, indicating that the short-selling force is weakening and it is possible to turn to long. RSI: RSI14 is currently around 41, in the neutral and low area, and has not yet entered the oversold area, but there are signs of recovery. EMA: EMA7 (0.8086) < EMA30 (0.8709) < EMA120 (0.9334), showing a short arrangement, but EMA7 began to flatten and is expected to cross EMA30.

Trading volume:

The trading volume increased significantly on June 27, and the trading volume decreased in the following days, and the market activity decreased. The trading volume increased again on July 4, indicating that the market attention has increased, which may indicate a change in the market. #币安合约锦标赛