Recommended Wealth Code ARB at noon

Wealth Code ARB

K-line Pattern:
Recent K-lines show a clear upward trend, especially during the period from November 21 to 25, where the price rose from 0.672 to a maximum of 0.9571.
On November 25, a long upper shadow was formed, indicating strong selling pressure at high levels.
Technical Indicators:
MACD: Current DIF and DEA are both positive, and the DIF is slightly higher than the DEA. The MACD histogram is showing red, indicating that bullish momentum still exists, but caution is advised for potential divergence signals.
RSI: RSI14 is currently around 61, close to the overbought zone but not yet in it, indicating market sentiment is leaning towards optimism, but attention should be paid to possible pullbacks.
EMA: EMA7, EMA30, and EMA120 are all in a bullish arrangement, with the short-term moving average (EMA7) providing good support. The price is fluctuating near EMA7, and if it breaks below, the support strength of EMA30 should be monitored.
Trading Volume:
On November 25, trading volume significantly increased to 74234185, accompanying the price rise and subsequent drop, indicating increased capital activity at high levels.
Subsequently, trading volume decreased, suggesting that the market has digested to some extent at high levels.

Operation Suggestion: Current price makes a position Take profit at 0.872 Be patient and don’t rush
#比特币盘整分析