REEF today’s market analysis:

1. K-line pattern:

- The price recently rose rapidly from 0.001576 to 0.002175, and then fell back to 0.001788, forming an obvious "V" reversal pattern.

- There is a long upper shadow line and multiple negative lines on the daily K line, indicating that the selling pressure from above is large.

2. Technical indicators:

- MACD: The hourly MACD fast and slow line runs below the zero axis, and the DIF line crosses the DEA line downward, indicating the possibility of further decline in the short term.

- RSI: The RSI14 value is 39.65, which is close to the oversold zone, but has not completely entered. You need to pay attention to whether it will continue to fall or rebound.

- EMA: The current price is below the EMA7, EMA30 and EMA120 moving averages, showing a strong bearish trend. EMA7 (0.001922) and EMA30 (0.001884) put pressure on the price.

3. Trading volume:

- Hourly trading volume reached a peak of 18352775211 at 10:00 on September 11, and then gradually decreased, indicating a decrease in market activity.

- Daily trading volume reached a peak of 324430844552 on September 10, and then decreased significantly, showing that capital inflows weakened.

Comprehensive analysis:

REEF/USDT is currently in an obvious downward trend. It is recommended to wait for the price to hit an important support level before considering going long. The key support level is near the previous low of 0.001500. If the price can stabilize and the trading volume increases, you can consider placing long orders at this position. Stop loss is set below 0.001450.

【Buy and sell point】

- Buying point one: 0.001700 USDT (close to the previous low, strong support exists)

- Buying point two: 0.001650 USDT (further dropped to a stronger support area, and is about 2.94% away from buying point one)

- Long stop loss point: 0.001600 USDT (3.03% lower than buy point 2 to prevent the price from continuing to fall sharply)

- Selling point one: 0.002000 USDT (integer mark, also near the recent high, with obvious selling pressure)

- Selling point two: 0.002050 USDT (the next pressure level that may be encountered after breaking through the previous high, 2.5% away from selling point one)

- Short stop loss point: 0.002100 USDT (2.44% higher than selling point two to prevent the price from continuing to rise)

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