technical analysis
1 hour chart:
Bollinger Bands: are closing, and prices are moving downward from the upper band, indicating that there is a need for a short-term pullback.
MACD: DIF and DEA formed a dead cross at a high level, and the fast line continued to move below the 0 axis, showing short-selling pressure.
4-hour chart:
Bollinger Bands and Moving Average: When the K-line approaches the upper Bollinger Band and EMA30, it is under pressure and moves down to the lower Bollinger Band.
MACD: DIF and DEA briefly closed, and it is expected that DIF may deviate from DEA again, forming a bearish trend.
Daily chart:
EMA indicator: EMA10 crossed below EMA150 and approached EMA200, indicating an obvious bearish trend.
Market digestion: The market still needs to rebound and digest after the sharp drop.
Recommendations
1. Short order operation:
First entry range: 57000-57300
Target: 56100-55200
Stop Loss: 57600
Second entry range: 58000 (if the price rises back to this area)
Target: Below 57000
Stop Loss: 58600
2. Multiple order operation:
First entry range: 54000-54300
Target: 54700-55800
Stop Loss: 53500
Second entry range: 53000 (if the price falls further to this area)
Target: 54,000-55,000
Stop Loss: 52500
Summarize
Short order: Open a position in the range of 57000-57300, with a target of 56100-55200 and a defense of 57600.
Long order: Open a position in the range of 54000-54300, the target is 54700-55800, and the stop loss is set at 53500.
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