ENS Evening Analysis

On the ENS/USDT 1-hour candlestick chart of Binance Exchange, the current price is 26.879 USDT, showing a downward trend. The following is an analysis of the buy and sell points and price trends:

Buy Points:

Buy Point 1: 26.5 USDT, close to the EMA (30) support level. If the price rebounds, it may form a short-term long signal. Buy Point 2: 25.9 USDT, located in the low point area around 16:00 on July 9, which may form a strong support.

Long Stop Loss Point:

Set at 25.4 USDT, leaving enough space to avoid small fluctuations triggering stop losses, and below Buy Point 2.

Sell Points:

Sell Point 1: 27.3 USDT, a resistance level that has been tested many times recently but failed to break through. Sell Point 2: 28.0 USDT, the high point around 19:00 on July 9, as the next target sell point.

Short stop loss point:

Set at 28.3 USDT, higher than the second selling point, which is a conservative setting considering the potential upside risk.

Price trend analysis:

K-line pattern: The recent K-line shows large price fluctuations, especially the long upper shadow at 16:00 on July 9, indicating strong high selling pressure.

Technical indicators: MACD indicator: The latest MACD value is negative, and DIF is lower than DEA, suggesting that there may be downside risks in the short term.

KDJ indicator: The J value is 18.81, which is low, which may indicate an oversold market or a potential rebound opportunity.

EMA indicator: The current price is lower than EMA (7) and EMA (30), and the short-term moving average crosses the long-term moving average downward, indicating a bearish short-term trend.

Trading volume: The trading volume gradually decreased after reaching a peak at 16:00 on July 9, indicating a decline in market activity. The trading volume has been stable in the past few hours, with no obvious increase or decrease, reflecting the strong wait-and-see sentiment of market participants.

The above analysis is for reference only. Investors should make prudent decisions based on their own risk preferences and market conditions. If you feel confused and don't know what to do next, want to refer to everyone's approach, and feel like you are fighting alone, then come to my homepage profile to find me, and I will join you in the discussion!

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