[Buy and sell points]
Buy point 1: 8.90 USDT (considering the narrowing gap between EMA(7) and EMA(30), the price may test the recent support level)
Buy point 2: 8.80 USDT (if the price drops further, it will be close to the low point of 17:00 on October 3, which can be regarded as a strong support area)
Long stop loss point: 8.75 USDT (leave enough space to avoid triggering stop loss due to small fluctuations, and at the same time, it is lower than buy point 2 to protect capital)
Sell point 1: 9.20 USDT (the current price is close to the highest price and can be used as an initial profit target)
Sell point 2: 9.30 USDT (exceeding the highest price in the recent cycle, it is expected that the seller's pressure will increase, which is suitable as a target with higher returns)
Short stop loss point: 9.35 USDT (above the selling point 2, giving the market enough room for fluctuations to prevent false breakthroughs)
[Price trend analysis]
K-line pattern:
Recent K-lines show that price fluctuations have intensified. A long upper shadow and real body appeared at 23:00 on October 4, indicating that buyers tried to push up prices but failed to maintain them, and then prices fell back. From 17:00 on October 3 to the latest data point, there is no obvious continuous specific K-line combination such as cross stars, hammers or shooting stars, but the overall trend is oscillating downward.
Technical indicators:
MACD indicator: DIF and DEA are both above the zero axis in recent cycles, but the MACD value is negative and gradually approaches zero, suggesting that the long and short forces are beginning to balance, which may indicate a trend change. KDJ indicator: The J value fluctuates greatly in different time periods, but generally tends to be around the midline 50, indicating that the market has no strong trend. The current K value is lower than the D value, and the market may be under certain pressure. EMA indicator: EMA (7) is always above EMA (30), indicating that the upward trend will continue in the short term, but the gap between the two is narrowing, reflecting the weakening of the upward momentum.
Volume:
The volume gradually decreased after reaching a peak at 15:00 on October 4, which usually means that the upward momentum is weakening, and we need to be alert to the potential risk of price correction. The volume has been relatively stable in recent hours, with no obvious increase or decrease in volume. The market participation has remained consistent, and the price may continue to fluctuate around the current level range.
