PEOLE Today's Market Trend Analysis and Trading Suggestions
Market Overview
📉Today's market trend shows bearish characteristics in the 2-4 hour level, indicating that the current market sentiment is bearish. Investors should remain vigilant and pay close attention to market dynamics.
Key Support Level Analysis
🔍When there is a good opportunity to short on the one-hour chart, you should keep an eye on the support level below. Specifically, pay special attention to the three key price levels of 0.04763, 0.04709, and 0.04629. If these support levels are stable and not broken, the market may continue to maintain a bearish pattern in the short term.
Long-short conversion point attention
🚦However, market trends change rapidly. If the price unexpectedly crosses the 1-hour long-short watershed: 0.04819, you need to be alert that the market may turn to the long camp. In this case, investors need to quickly adjust their strategies to cope with possible market reversals.
Upper pressure level monitoring
📈Once the market turns to a long position, pay close attention to the upper pressure level. Especially around the important points of 0.04909, 0.04980, 0.05140 and the high of 0.05289. These points will be the key to whether the bulls can continue to push up the price.
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