[Buy and sell points]
Buy point 1: 2.4500 USDT (considering the hammer pattern that appeared at 20:00 on October 5, there may be support near this price)
Buy point 2: 2.3900 USDT (the low point area between 22:00 and 23:00 on October 4. If the price drops further, it may attract buying intervention)
Long stop loss point: 2.3600 USDT (leave enough space to avoid small fluctuations triggering stop loss. At the same time, the price is lower than the buy point 2 and close to the low point earlier on October 5)
Sell point 1: 2.5500 USDT (EMA(7) and EMA(30) are currently located, as a short-term selling reference)
Sell point 2: 2.6000 USDT (the recent high point area. If the price can rise back to this point, it may face greater selling pressure)
Short stop loss point: 2.6500 USDT (exceeding the highs of recent days, if the price rises to this level, it may mean stronger upward momentum)
[Price trend analysis]
K-line pattern:
Recent K-line shows that price volatility has intensified. A hammer pattern with a long lower shadow appeared from 21:00 to 22:00 on October 5, suggesting a possible reversal. There was an obvious long real positive line from 17:00 to 18:00 on October 4, indicating strong buying power.
Technical indicators:
MACD indicator: The latest MACD value is negative and DIF is lower than DEA, indicating that there is downward pressure in the short term. KDJ indicator: The J value has exceeded 80 in multiple time periods, entering the overbought area, which may indicate an imminent correction; the current K and D values are both sluggish, and no golden cross is seen, which is a short-term bearish signal. EMA indicator: EMA (7) has been above EMA (30), but the gap is gradually narrowing. If EMA (7) falls below EMA (30), it may confirm that the medium-term trend has weakened.
