$ATA I see where he is coming from and where he is going back to, I don't know if any classmates have chased high above 0.2. If so, that would be quite painful 😣.
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Talking about the chart: If we look at the Fibonacci 1:1 retracement level on the 4-hour timeframe, ATA is expected to return to around 0.9. Indicators are not absolute, but we need to have expectations and be prepared for what to do if it really returns to around 0.9. Should you buy the spot, or cut losses on the spot you bought at a high.
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The two K-lines circled in the white box on the hourly level look very bad, classic gravestone doji. Everyone understands what gravestone doji represents.
The reason for the consecutive two gravestone dojis indicates that the pressure above is very great, greater than you can imagine.
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The position circled in the rectangular box on the 1-hour level has an upper boundary of 0.1865 and a lower boundary of 0.1567. If it doesn't break above or below, it will continue to operate within the box. Only when it breaks above or below will it move in a direction. If 0.1567 is broken down, look downward at 0.1316-0.1186-0.1014.
To break the current oscillation situation, it must break above 0.1751, and then you can look up to target 0.1844-0.1970.
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If it can't break through, then let's continue to oscillate! 0.1567 rises quickly, but falls even faster. My analysis of this coin is not to make you buy; if I wanted to make you buy, I would provide the buying position. Since I haven't provided a position, try not to buy, this is just a pure analysis of ATA's current trend. Meeting adjourned.