【pepe】Clinton Daily Analysis

24-hour trend [Sideways]

【Buy and sell points】

Buy point 1: 0.00001400 USDT (close to the previous band low, integer support level)

Buy point 2: 0.00001350 USDT (further down to a stronger support area, and more than 1% away from buy point 1)

Buy stop loss point: 0.00001320 USDT (lower than buy point 2, but not more than half the distance between buy point 1 and buy point 2)

Sell point 1: 0.000 01550 USDT (close to the previous band high, integer pressure level)

Sell point 2: 0.00001600 USDT (the next important pressure level after breaking through the previous high, and more than 1% away from sell point 1)

Short stop loss point: 0.00001630 USDT (higher than sell point 2, but not more than half of the interval between sell point 1 and sell point 2)

[Price trend analysis]

K-line pattern:

The recent K-line shows obvious volatility, and the price fluctuates between 0.000014 and 0.000016. A long upper shadow line appeared on May 31, 2024, indicating that the upper selling pressure is large.

Technical indicators:

MACD: Both DIF and DEA are positive, but the MACD histogram is gradually shortening, indicating that the bulls are weakening. RSI: The RSI value hovers in the 60-70 range, close to the overbought area, and there is a risk of a callback. EMA: EMA7 > EMA30 > EMA120, showing a bullish arrangement, but the distance between EMA7 and EMA30 is narrowing, and there may be a need for adjustment.

Trading volume:

Since May 23, 2024, the overall trading volume has increased, especially on May 31 and June 1, indicating that the market activity has increased. The trading volume on June 2 decreased significantly, indicating that the market is in a wait-and-see mood.