[Buy and sell points]
Buy point 1: 1.9500 USDT (considering that EMA(30) is at 2.0082, the price has medium-term support, but the short-term trend is bearish, and it is expected that it may test near this support level)
Buy point 2: 1.9000 USDT (the lowest price has reached 1.7141. If the market continues to fall, 1.9000 can serve as a strong psychological and technical support level)
Long stop loss point: 1.8800 USDT (give enough space to buy point 2 to avoid small fluctuations triggering stop loss, while considering the additional psychological support below the round number mark)
Sell point 1: 2.0500 USDT (above the current price, combined with EMA(7) and the previous rebound high, it can be regarded as an initial resistance level)
Sell point 2: 2.1000 USDT (close to the highest price of 2.168, if the market can recover to this level, it may face greater selling pressure)
Short stop loss point: 2.1200 USDT (leave appropriate space to exceed the selling point two to deal with possible breakthroughs)
[Price trend analysis]
K-line pattern:
Recent K-line shows large price fluctuations, such as the long upper shadow at 16:00 on October 7, indicating strong selling pressure, while the short real body and nearly equal upper and lower shadows at 21:00 on October 6 may indicate market uncertainty.
Technical indicators:
MACD indicator: The latest MACD value is negative and DIF is lower than DEA, which is usually regarded as a bearish signal. KDJ indicator: The J value is 18.46, compared with the K value of 31.09 and the D value of 37.41, there are signs of oversold, but no clear reversal signal has appeared yet. EMA indicator: The closing price is below EMA (7), suggesting that the short-term trend is bearish. However, the closing price is above EMA (30), indicating that there is still support in the medium term.
Volume:
The volume is significantly increased in certain periods (such as 22:00 on October 7), accompanied by price increases, which may indicate strong buyer power. The volume has gradually decreased in recent cycles, indicating that the market activity has decreased, and the subsequent trend needs further observation and confirmation.
