#BNXđ„đ„đ„ ăBNX short-term trend analysisă
K-line pattern: A long lower shadow positive line appeared in the last 4 hours, suggesting that there is certain buying support in the market. Recently, there are signs of stabilization after falling from highs on the daily level, but it has not escaped from the uncertainty range.
Technical indicators: MACD: Short-term (4 hours and 1 hour) DIF began to turn from negative to positive, indicating a slight recovery in bullish power.
RSI: Currently, RSI is still in a relatively high range on the one-day chart and is not overbought, indicating that the possibility of the end of the adjustment is increasing.
EMA: The price is above EMA7 but close to EMA30, which is expected to become a potential support; at the same time, the MACD divergence is not very significant, so please continue to pay attention.
Trading volume: Daily and 4-hour trading volumes have always remained at a moderate level, indicating that the current fluctuations have no strong driving force. We should pay attention to the occasional large-volume increase in the short term, as it may just be a small rebound at present. The strength of binary lottery support can be observed by observing whether there are stronger support or resistance performances near the 950 integer point and the previous low point of 880.
ăLong and short position referenceă
Long order: around 0.88-0.86 (previous low, and near EMA30, may form support)
Stop loss recommendation: 0.845 (to prevent unexpected false breakthroughs)
Short position: around 1.02-1.04 (close to the daily high and integer psychological pressure level, strong selling pressure is expected)
Short stop loss point: 1.06 (to prevent short-term false breakouts)
The above is my personal analysis. You can decide whether to operate or not. In addition, please note that the open order is interval-based and you need to adjust the entry position according to the real-time market.