$OP

Point Analysis and Long/Short Direction Forecast

Support and Resistance

• Support Level: $1.70 (Key Support), $1.60 (Secondary Support).

• Resistance Level: $1.87 (Short-term Resistance), $2.00 (Important Resistance).

Long/Short Direction

Currently, the price is around 1.80, showing a weak rebound pattern, positioned below the MA7 moving average, with a clear downward pressure from the MA25. The MACD indicator shows that bearish momentum has weakened, but no obvious reversal signal has formed.

In the short term, if it cannot effectively break through $1.87, there is a possibility of continuing to test the $1.70 support. If the support holds, a rebound towards $2.00 can be expected.

Strategy Recommendations

• Bullish Strategy: Light long position near $1.70, stop loss below $1.65, target $1.87 and $2.00.

• Bearish Strategy: If it rebounds to $1.87 but faces resistance, a short position can be arranged, with a stop loss set above $1.90, target $1.75 and $1.70.

Conclusion: Focus on the performance of the $1.70 support and $1.87 resistance level in the short term, operate with a light position, and be mindful of risk control.