Coin Circle Liying: The latest market analysis of September 12 (DOGS) must be read
Article release time 2024.9.12-18:55
First, let's take a look at the current daily K-line large-scale price trend analysis. The current K-line pattern: The price fluctuates between 0.001276 and 0.0009703, forming a large range of fluctuations. On the 9th, a long positive line appeared, breaking through the previous high, but then pulled back in the next few days. The daily K-line RSI14 is currently 42.17, close to the neutral area, and has not entered the overbought or oversold range, indicating that the market has no obvious strong or weak direction for the time being. From a long-term perspective, the EMA trend indicator shows that the price is still in the adjustment stage.
The recent price of the four-hour K-line fluctuates in the range of 0.001050 to 0.001100, showing an overall oscillating downward trend. Technical indicators: MACD: The MACD fast and slow lines of the 4-hour cycle are close to the zero axis, and the DIF and DEA values are both negative, showing that the market is in a weak state, but there are signs of stabilization. EMA: In the EMA7, EMA30 and EMA120 moving average system, the current price is between EMA7 and EMA30. EMA7 slightly turns upward and is expected to form support; but EMA30 and EMA120 still maintain a downward trend, and long-term pressure still exists.
In summary, the main funds are frequently entering and exiting, indicating that the turnover rate is super high, which is not suitable for novices and small investors. Liying recommends fast entry and exit, guerrilla warfare mode, don't fight lingering
Point reference:
Long point 0.001000, defense point 0.000980, stop loss 0.000970
Short point 0.001080, defense point 0.001100, stop loss 0.001110
The above analysis is based on the conclusions drawn by Liying based on market data and market trend analysis. It is for reference only and does not constitute investment advice. For reference by family members. In the past ten years, Liying has been exploring and experiencing hundreds of various digital assets. In this process, Liying experienced the glory of the bull market and the bleakness of the bear market. She stumbled along the way and accumulated countless valuable experiences and profound lessons. As a female trader struggling in this challenging field, Liying feels a deep responsibility to share her experience and insights, hoping to help other people with dreams find their place in this turbulent market and start their own journey to success.
