Based on the existing market data and technical analysis results, if you are looking for opportunities to go long, you can consider operating at the following price levels:
Long Suggestions
Long opening price: It is recommended to consider entering a long position when the price is close to $1.65.
Take Profit Target: Set at $1.80 to capture a possible rebound.
Stop Loss: Set at $1.60 to limit potential losses.
reason
Market context: The current price is close to the support range of the recent downtrend and may see a short-term rebound.
Technical analysis: If the price reaches $1.65, it means triggering a potential support or reversal zone. Considering the opportunity of a rebound in market sentiment, a light position layout may be considered
· Short order trading direction recommendation: As the current market shows short-term and medium-term downward pressure, combined with the market sentiment index, it is currently recommended to hold a short position. Reasons· Market trend: According to technical indicators, the current price is below multiple key moving averages (such as 20, 50, 100 periods), indicating that short-term and medium-term prices may fall further. · Market sentiment: Although the market sentiment index tends to be extremely greedy, which usually indicates potential risks, combined with the trend and technical indicators, it is inclined to observe short opportunities. · Suggested operation: If you choose to short, it is recommended to open a position near $1.78, set the take profit target at $1.60, and the stop loss point at $1.80. This can provide a more robust risk management strategy under the current sentiment and technical pressure.
Single trading direction recommendation: As the current market shows short-term and medium-term downward pressure, combined with the market sentiment index, it is currently recommended to hold a short position.
reason
Market Trend: According to technical indicators, the current price is below several key moving averages (such as 20, 50, 100 periods), indicating that there is a possibility of further price declines in the short and medium term.
Market Sentiment: Although the market sentiment index is biased towards extreme greed, which usually indicates potential risks, combined with the trend and technical indicators, it tends to observe short opportunities.
Recommended operation: If you choose to short, it is recommended to open a position around $1.78, set the take profit target at $1.60, and the stop loss point at $1.80. This can provide a more robust risk management strategy under the current sentiment and technical pressure. #op走势