The current price is clearly in an upward trend, accelerating upward after breaking through important resistance levels, reaching a maximum of 39.66, but there are signs of a pullback afterwards, currently closing around 36.742.
The moving average system shows a typical bullish arrangement (short-term MA7 > medium-term MA30 > long-term MA100), the short-term trend remains strong, but attention should be paid to the pullback risk at high levels.
Support and Resistance:
Short-term Support Level: 36.00 (key psychological support)
Strong Support Level: 30.00 (the main support area of the previous round of increase, near MA30)
Short-term Resistance Level: 39.00 (previous high pressure level)
Strong Resistance Level: 40.00 (psychological resistance at integer level)
Yesterday, the price rose rapidly and closed with a candlestick with an upper shadow (indicating selling pressure at high levels). Today, pay attention to whether it continues to rise or adjusts under pressure.
Prediction Direction 1: Bullish (Continuation of the upward trend)
If the price stabilizes at the 36.00 support level, there is hope for another upward attack, challenging 39.00 or even breaking through the psychological pressure level of 40.00.
Opening Position: 36.80 (enter after confirming short-term stabilization)
First Take-Profit Level: 39.00 (near the previous high, cautious profit-taking)
Second Take-Profit Level: 40.00 (integer level, target for trend continuation)
Stop-Loss Level: 35.50 (if it falls below the short-term support level, stop loss in time)
If the price cannot break through 39.00 or the upward momentum is insufficient, caution is needed for the risk of a pullback.
Prediction Direction 2: Bearish (high-level pullback)
If the price is blocked at 39.00 or continues to be weak, a high-level pullback may occur, targeting a test of the critical support area at 36.00 or even 30.00.
Opening Position: 36.50 (enter when rebounding weakly after breaking support)
First Take-Profit Level: 34.00 (short-term adjustment target)
Second Take-Profit Level: 30.00 (strong support level, confirmation of pullback)
Stop-Loss Level: 37.50 (to prevent a short-term rebound breakthrough)
If the price stabilizes and rebounds at 36.00, short positions may not be profitable and should be quickly stopped out.
RSI (Relative Strength Index): If the RSI is above 70, caution is needed for overbought pullback risks; if it falls below 50, it may confirm a short-term adjustment.
MACD (Moving Average Convergence Divergence): If DIF and DEA form a death cross, caution is needed for a downward trend; conversely, a golden cross can be seen as a bullish signal.
Bollinger Bands: The current price is close to the upper band, a short-term pullback may occur; if the band width continues to expand, it indicates strong upward momentum.
Reasonable adjustment of position and risk control, operate based on real-time market signals. If further optimization or adjustment is needed, please communicate at any time!
Prices are in motion, moving averages are telling a story, how will the future unfold? Pay attention to the market, capture every pulse of the market!
