$FET 24-hour trend [down]

[Buy and sell points]

Buy point 1: 1.100 USDT (close to the previous low, with support at the integer level)

Buy point 2: 1.050 USDT (further down to a stronger support level, and about 4.35% away from buy point 1)

Long stop loss point: 1.000 USDT (if it falls below this key integer level, the trend may continue to fall)

Sell point 1: 1.250 USD T (close to EMA7 and previous highs, with large selling pressure)

Sell point 2: 1.300 USDT (further upward to a stronger pressure range, about 4% away from sell point 1)

Short stop loss point: 1.350 USDT (if this key pressure level is broken, it may turn into an upward trend)

[Price trend analysis]

K-line pattern:

Recently, prices have shown a volatile downward trend, especially after the plunge on June 27, 2024, market sentiment is relatively pessimistic. From July 5 to July 7, 2024, there were three consecutive days of negative lines, showing a large selling pressure.

Technical indicators:

MACD: Both DIF and DEA are running below the zero axis, and the MACD histogram continues to be negative, indicating that the short force is dominant. RSI: RSI14 is currently at 36.796, close to the oversold zone, but has not yet entered. It is necessary to pay attention to whether it will further decline or rebound. EMA: EMA7 (1.243) < EMA30 (1.497) < EMA120 (1.777), short-term, medium-term and long-term moving averages are in a bearish arrangement, confirming the current downward trend.

Trading volume:

On July 5, 2024, the trading volume increased significantly to 208483711, and the trading volume decreased in the following two days, but it remained at a high level, indicating that the market selling pressure still exists. The trading volume on July 7, 2024 was 62059112, which was lower than the previous few days, which may indicate that the selling force will weaken in the short term. #ASI代币合并计划