【PEOPLE】Clinton Daily Analysis June 5
24-hour trend [Sideways]
[Buy and sell points]
Buy point 1: 0.100 USDT (close to EMA7 support, strong support at integer level)
Buy point 2: 0.095 USDT (near previous low, strong buying support)
Long stop loss point: 0.093 USDT (slightly lower than buy point 2, to prevent false breakthrough)
Sell point 1: 0.110 USDT (near recent high, with selling pressure)
Sell point 2: 0.115 USDT (previous band high, may generate greater selling pressure)
Short stop loss point: 0.117 USDT (slightly higher than sell point 2, to prevent false breakthrough)
[Price trend analysis]
K-line pattern:
The recent K-line shows a clear upward trend, especially the sharp rise from June 1 to June 3, 2024. A long upper shadow line appeared on June 2, 2024, indicating strong selling pressure at high levels.
Technical indicators:
MACD: Both DIF and DEA are positive and continue to rise, and the MACD histogram is also in the positive range, indicating that the current market is in a bull market. RSI: The RSI14 value is close to the overbought area (71.4562), but it has not yet entered the extreme overbought state, and it is necessary to be alert to possible callback risks. EMA: The price is currently above EMA7 (0.1005) and far away from EMA30 (0.0716) and EMA120 (0.0447). It is still bullish in the short term, but it is necessary to pay attention to whether it will fall back to EMA7 support.
Trading volume:
The trading volume increased significantly from June 1 to June 5, 2024, especially on June 1 and June 2, indicating a large influx of funds. The trading volume has decreased in recent days, but it still remains at a high level, indicating that the market is highly active.