From the latest 15-minute chart, the price is currently fluctuating around 0.46169, showing a state of short-term balance between bulls and bears. Below is a detailed analysis:
Current Market Analysis
1. Moving Average Analysis:
• MA(7) and MA(25) have gradually converged, with the price fluctuating around the moving averages, indicating an unclear short-term direction.
• The MA(99) moving average (around 0.461) has temporarily formed support, indicating that the short-term price has not deviated from the fluctuation range.
2. RSI Indicator:
• RSI(6): 44.58, indicating weakness, with slightly insufficient short-term momentum.
• RSI(12) and RSI(24) are close to 50, indicating that the market is still in a fluctuation pattern.
3. MACD Indicator:
• The DIF line and DEA line are close to the zero axis, with the histogram alternating between red and green and decreasing in amplitude, indicating weak momentum and a lack of clear trend in the short term.
4. Important Ranges:
• Upper Resistance: 0.465 - 0.467 (short-term pressure), further breakthroughs require volume support.
• Lower Support: 0.457 - 0.460 (short-term support), if it breaks down, it may test lower support levels.
Long Position Suggestions
1. Conservative Long Position: Enter at Support Level
• Entry Point: Wait to enter long when the price dips to the 0.457 - 0.460 area.
• Stop Loss: Below 0.455 (if it breaks this level, it indicates a further weakening of the trend).
• Target Levels:
• First Target: 0.467 (short-term rebound resistance).
• Second Target: 0.475 (near high points).
2. Breakout Confirmation Long Position
• Entry Point: If the price can effectively break through the 0.465 - 0.467 resistance, one can enter long after a pullback near 0.465.
• Stop Loss: Below 0.460.
• Target Levels:
• First Target: 0.475.
• Second Target: 0.484.
3. Short-term Attempt: Enter Near Current Price
• If you prefer short-term trading, you can attempt to place a small long position near the current 0.461 - 0.462 area.
• Stop Loss: Below 0.457.
• Target Level: 0.467 - 0.470.
Risk Warning
• If the price breaks below 0.457, the market may weaken, and timely stop-loss is needed.
• Current operations within the fluctuation range (0.457 - 0.467) should mainly focus on light positions, waiting to add positions after a clear direction is established.