[Buy and sell points]
Buy point 1: 3.190 USDT (Considering that EMA(7) is at 3.136, the price has support above this level, and the low end of the recent oscillation range is about 3.190, which can be regarded as a potential buy point for a short-term rebound)
Buy point 2: 3.080 USDT (A lower point appeared at 12:00 on October 6. If the price falls back to this level, it may attract buying orders. It is also near the low point of several hourly K lines in recent times)
Long stop loss point: 3.050 USDT (slightly lower than buy point 2, providing enough space to avoid small fluctuations triggering stop loss. At the same time, 3.053 is the lowest price in the recent cycle. Breaking down may mean a deeper correction)
Sell point 1: 3.300 USDT (The current price is already in a downward channel. 3.300 USDT is a recent relative high point. It can be used as a position for initial reduction of positions or short-term selling)
Sell point 2: 3.430 USDT (the high point reached at 20:00 on October 5. If the price can test this resistance level again and fail to break through, it can be regarded as a good profit-taking point)
Short stop loss point: 3.450 USDT (slightly higher than the second selling point, giving the market room for fluctuations. At the same time, exceeding this price may indicate a change in market sentiment, and the short-selling strategy needs to be re-evaluated)
[Price trend analysis]
K-line pattern:
The recent K-line shows that price fluctuations have intensified, especially the long upper shadow line appeared from 04:00 to 06:00 on October 5, indicating that there is selling pressure in the market. From 21:00 on October 5 to the latest data, the K-line entity has gradually shortened, and the length of the upper and lower shadows is different, reflecting that the power of buyers and sellers is balanced and the market tends to hesitate.
Technical indicators:
The DIF and DEA values in the MACD indicator are close to and fluctuate near the zero axis, and the height of the MACD bar chart decreases, suggesting that the momentum is weakened and it may enter a shock or turning stage. The KDJ indicator J value is 69.09, which is higher than the K and D lines, indicating that it may be overheated in the short term and we need to be alert to the risk of callback. The EMA indicator 7-period EMA (3.136) is lower than the 30-period EMA (3.241), and the short-term moving average is below the long-term moving average, indicating that the short-term trend is relatively weak.
