#G
Buying point:
Initial buying range: When the price is close to 0.03300 - 0.03400 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the recent low of 0.03018 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.03500 USDT and the trading volume increases, this is a potential rebound signal and you can consider adding a position. After breaking this resistance level, the market is likely to push higher.
Take profit point:
The first take-profit target: When the price rebounds to 0.03700 - 0.03800 USDT, which is the pressure level of the upper Bollinger Band and EMA (25), partial take-profit can be considered.
Second take-profit target: If the price breaks through 0.04000 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may rise further after breaking through.
Stop loss point:
Stop loss setting: If the price falls below 0.03200 USDT and the trading volume increases, the loss should be stopped immediately because there is no obvious support below this area and the price may drop further.
Technical indicator support:
EMA(7) and EMA(25): The short-term moving averages EMA(7) and EMA(25) show the short-term upward trend of the market, and the market rebound has strong momentum. EMA(99) shows an improvement in the long-term market trend, indicating that market sentiment is optimistic.
Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, indicating strong market momentum and the potential for further upside in the short term. However, attention should be paid to the expansion of Bollinger Bands, which means increased market volatility, and risks should be treated with caution.