Bollinger Bands:
The current price is slightly decreasing and is near the middle line (moving average) of the Bollinger Bands, indicating that the market is in a state of accumulation or slight decline.
The upper and lower bands are not expanding significantly, which suggests that the level of volatility is low.
RSI Indicator:
RSI(6) = 41.46 and RSI(24) = 55.73: Both of these values indicate that the market is not in the overbought or oversold territory. RSI close to 50 reflects a balance between buying and selling pressure.
Price Trend:
The highest price in the last 24 hours is 761, while the lowest price is 727, indicating a narrow range of fluctuation.
The current price has decreased by 1.93% today, but overall it has increased significantly over the past 30 days (23.11%) and 90 days (49.48%).
Advice:
If you are considering buying:
You may wait for the price to drop closer to the lower Bollinger Bands (~711) for a better buying position.
RSI is not at an oversold level yet, so you can monitor further to confirm the bottom.
If you are considering selling:
If you bought at a lower price previously, you might consider gradually selling to take profits.
Pay attention to the nearest resistance level at 761. If the price cannot exceed this level, this is an opportunity to sell.
Short-term trading: Currently, the market shows signs of moving sideways. If you are trading short-term, wait for clearer signals from the RSI indicator and Bollinger Bands volatility.
Always set a stop-loss to reduce risks if the price moves against your prediction.
