LINA/USDT (1-hour chart):
1. Significant price increase:
LINA/USDT is currently at 0.004952 USDT, up 10.61% in the last 24 hours. The price reached a local peak at 0.005213 USDT before a slight correction.
2. EMA support:
• EMA(20): 0.004829 USDT
• EMA(50): 0.004661 USDT
The price is above both EMAs, with the EMA20 acting as short-term support. Both lines are sloping up, indicating that the uptrend is still in place.
3. Trading volume:
The total trading volume in the last 24 hours reached 9.88 million USDT, indicating moderate interest from the market.
4. Short-term analysis:
• After reaching the peak of 0.005213 USDT, the price has corrected but is currently holding above the EMA20 support level, indicating that buying pressure is balancing selling pressure.
• If it holds above the EMA20, the price may retest the old peak and aim for a higher target at the 0.00527 USDT area.
• If the correction deepens, the important support zone is 0.00466 USDT (EMA50).
5. Trading strategy:
• Buy (Long): When the price holds above the EMA20 and continues to make a higher low.
• Sell (Short): If the price breaks the EMA20 with strong selling pressure, target the support at the EMA50 or lower.
Conclusion:
LINA/USDT is still in a short-term uptrend. It is necessary to monitor volume and price reaction at support zones to determine the next trend. Investors should consider careful risk management, especially when prices fluctuate rapidly.