Recent Trends: The price is clearly in an upward trend, but it has retreated after forming a short-term high near 0.7411. The price is currently fluctuating around 0.7005, indicating that the bullish force has weakened.
Support level: Short-term support is around 0.6800, which is the starting point of the previous rebound.
Pressure level: The short-term pressure level is in the 0.7200-0.7250 range. After breaking through, the next pressure level is around 0.7400.
Short-term moving average (5 days, 10 days): The 5-day moving average turned downward and is currently around 0.7093. The price fell below the moving average, indicating a possible short-term correction.
Long-term moving average (30 days): The 30-day moving average is steadily upward, with the support price around 0.6558, indicating that there is still room for upward movement in the medium term.
MACD: DIF and DEA are still above the zero axis, but the red column is shortened, indicating that the bullish force is weakening and may test the support below.
Bollinger Bands: Prices fell from the upper band and are currently close to the middle band (about 0.7050). The opening of the Bollinger Bands is gradually narrowing, indicating that there is a high possibility of market volatility in the future.
Trading volume: The trading volume increased slightly, but failed to form a breakthrough support, indicating that there is a large divergence between bulls and bears.
Today's forecast direction:
After a relatively volatile pullback, it rebounded slightly. The intraday range is 0.6800 - 0.7300.
Long order strategy:
Opening position: 0.6800 - 0.6850 (layout after testing support)
First take profit level: 0.7050
Second stop profit level: 0.7200
Stop loss: 0.6700 (exit if short-term support is broken)
Short order strategy:
Opening position: 0.7200 - 0.7250 (layout after testing the pressure zone)
First take profit level: 0.7000
Second stop profit level: 0.6850
Stop loss: 0.7350 (exit when breaking through short-term pressure level)
Yesterday's trend review:
The price hit a high near 0.7400 yesterday and then quickly fell back, showing that the short-selling force was strong near the resistance level.
During the pullback, support was found near 0.7000, showing that the bulls are still trying to maintain the current trend.
Short-term logic:
Bullish: If the price can find support in the 0.6800 - 0.7000 range, it will indicate that the upward trend has not been completely destroyed and a short-term rebound can be expected.
Short position: If the price rebounds to 0.7200 - 0.7250, it may still be blocked and fall back, so it is suitable for short positions.
Oscillation Space:
Based on the analysis of Bollinger Bands, moving averages, and trends, the short-term price fluctuation range is expected to be 0.6800 - 0.7300. Selling high and buying low within this range is a better strategy.
The market fluctuates like the tide, and the direction lies in taking advantage of the wind. If you want to seize the power of the wind, remember to follow Jiaoshou! We will not get lost on the road!
