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1. Technical Analysis
Current Price: 1.0675 USDT, down by 2.74%.
Moving Averages:
MA(7): 1.0647 USDT (Price is slightly above this, indicating potential short-term support.)
MA(25): 1.0675 USDT (Price is equal to this, acting as immediate resistance.)
MA(99): 1.0852 USDT (Indicating strong long-term resistance above current price.)
Volume: 4.3M, indicating moderate trading interest.
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2. Indicators Interpretation
MACD:
DIF: -0.0038
DEA: -0.0053
Histogram: 0.0015 (A shift towards bullish divergence, suggesting upward momentum.)
RSI(6): 60.85 (Approaching overbought territory, suggesting limited room for further upside.)
Stochastic RSI:
K: 63.54
D: 58.05
J: 74.53 (Suggests mild bullish momentum but nearing overbought.)
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3. Trend Prediction
Short-Term: Bullish Recovery (Price rebounding from the 1.0565 low with bullish candles.)
Medium-Term: Sideways to Slightly Bullish (Needs to break the 1.07 resistance.)
Long-Term: Bearish Trend Continues (Price below MA(99), with overall selling pressure.)
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4. Risk Management
Position Size: Use 1-2% of portfolio per trade.
Set tight stop-losses to avoid large drawdowns.
Avoid overleveraging.
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5. Trade Strategy Development
Long Position:
Entry Point: 1.0650–1.0670 USDT
Take-Profit (TP):
TP1: 1.0740
TP2: 1.0810
Stop-Loss (SL): 1.0600
Duration: Scalping to Intraday Trade (2-6 hours)
Short Position:
Entry Point: 1.0680–1.0700 USDT (Upon rejection at resistance.)
Take-Profit (TP):
TP1: 1.0600
TP2: 1.0520
Stop-Loss (SL): 1.0750
Duration: Scalping to Intraday Trade (2-4 hours)
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6. Scalping Strategy
Long Entry: 1.0650
TP: 1.0700
SL: 1.0630
Short Entry: 1.0680
TP: 1.0640
SL: 1.0710
Trade Duration: 15–30 minutes
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7. Intraday Strategy
Long Entry: 1.0660
TP: 1.0740
SL: 1.0620
Short Entry: 1.0690
TP: 1.0600
SL: 1.0720
Trade Duration: 2–6 hours
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8. Long-Term Strategy
Long Entry: 1.0550 (Upon a pullback to support.)
TP: 1.0850
SL: 1.0450
Short Entry: 1.0850 (Rejection from MA(99).)
TP: 1.0600
SL: 1.0950
Trade Duration: 2–5 days
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9. Pattern Check
No clear pattern (e.g., flags or triangles) detected, but price is forming a potential base near 1.0565, which could act as a local double bottom.
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10. Disclaimer
Trading involves substantial risks, and past performance is not indicative of future results. Always do your own research, and do not invest more than you can afford to lose.
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Opinion
Favorable Position: A scalp long entry at 1.0650 seems optimal based on short-term bullish momentum.
Key Level to Watch: Break above 1.07 confirms bullish continuation, while failure could trigger a move towards 1.05.
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