Based on the chart of the UXLINK/USDT pair, here are some observations:
Technical analysis:
1. Trend:
• The price just experienced a strong increase to the 3.74 area before quickly dropping to the current level (~1.8859 USDT).
• This strong volatility could be due to a major event (news, pump-and-dump, or whale manipulation).
2. Technical indicators:
• RSI (12 and 24): Currently near the 70 area, signaling an overbought state. However, with the recent sharp decline, the price may be adjusting.
• MA (Moving Average):
• Short-term MA (7 days) is still above the long-term MA, signaling a short-term uptrend.
• But be cautious when the short-term MA shows signs of flattening or crossing down, which could be a signal for a downward reversal.
3. Trading volume (Volume):
• Volume surged during the previous strong increase, but gradually decreased during the adjustment, indicating a profit-taking sentiment is occurring.
4. Support and resistance levels:
• Strong support: The 1.48 area (the lowest point in the most recent day).
• Resistance: The 2.75 and 3.74 areas (the most recent peaks).
Trading strategy:
• Long:
• If the price holds support at 1.48 and shows a strong upward signal with high volume.
• Short-term target: 2.5 USDT, long-term: retest the 3.74 area.
• Stop Loss: If the price breaks the support at 1.48, it is necessary to exit the position to reduce risk.
🚀 [UXLINK/USDT]: A STRONG GROWTH OPPORTUNITY, DO NOT MISS IT!
👉 After the skyrocketing increase to 3.74 USDT, UXLINK is slightly adjusting towards the 1.88 area – an excellent opportunity to enter a LONG position!
🔥 Positive technical signal:
• RSI approaching the overbought area, but the price is holding strong support at 1.48.
• MA(7) is still above the long-term MA, confirming that the strong uptrend has not ended.
• The trading volume is exploding, signaling that large amounts of money are flowing in!
🎯 Price target:
• Short-term: 2.5 USDT
• Medium-term: Retest the old peak at 3.74 USDT
⚠️ Risk warning: Please set a STOP LOSS at 1.48 USDT to protect your capital.
📈 Opportunities like this do not come twice, what are you waiting for? Long UXLINK now!
