4-hour $BOME market analysis report on October 15, 2024:

K line diagram:

The recent K-line chart of PEOPLE has shown a significant upward trend, especially on October 14th and 15th, the price climbed significantly, forming an obvious positive line. Prices broke out to new highs multiple times during the four-hour time frame, indicating strong buying power in the market.

Technical indicator analysis:

The MACD indicator runs above the 0 axis, and DIF and DEA show a continuous upward divergence trend, which indicates that the current market is in a bull-dominated state. The RSI value is close to 70. Although it has not yet entered the overbought zone, it also indicates that the market still has room to rise further. The short-term EMA (such as the 7-day line) has crossed the long-term EMA (such as the 30-day and 120-day lines), and the price has always been above all moving averages, further confirming the current upward trend.

Trading volume observations:

On October 14, there was a significant increase in trading volume, accompanied by an increase in price, indicating that a large amount of funds were actively flowing into the market. Although trading volume subsequently fell, the price remained high, reflecting the market's recognition of the current price.

Suggestions for buying and selling points:

For the buying point, the first suggestion is to enter the market near 0.08500 USDT (reason: this position is close to the previous low and the EMA support level, which is expected to attract buying). The second buying point is recommended at 0.08350 USDT (reason: this price is closer to the low of the previous band, increasing the safety margin). For the long stop loss point, it is recommended to set it at 0.08200 USDT (if the price falls below this level, it may indicate that the upward trend is about to reverse).

For the selling point, the first recommendation is at 0.09000 USDT (this is an integer mark, and it is also near the recent high, where there is selling pressure). The second selling point is at 0.09200 USDT (if the price breaks the previous high, market sentiment may push the price further, but caution is required). For the stop loss point of short selling, it is recommended to set it at 0.09350 USDT (if the price breaks through this position, it indicates that the upward momentum is still strong, and the loss should be stopped in time). #BOME🔥🔥🔥