"1000SATS is close to a critical low, should we buy the dip or continue to wait and see?"
Market analysis:
1000SATS prices have fallen recently, market sentiment is panic, and selling pressure is obvious. From the market point of view, short-term support has gradually moved down, but trading volume has increased, indicating that there are still differences between the long and short sides. The RSI indicator is close to the oversold zone, and the MACD green column continues, but the downward momentum has weakened slightly, and the opportunity for a rebound is brewing.
Support and resistance levels:
• Support level: 0.0002035, 0.0002012, 0.0001990
• Resistance level: 0.0002264, 0.0002370, 0.0002516
Short-term trading strategy:
Buy strategy:
• Opening point: 0.0002035
• Adding position: 0.0002012
• Stop loss point: 0.0001985
• Take profit target: 0.0002264, 0.0002370, 0.0002516
• Position allocation: 50%-30%-20%
Short strategy:
• Opening point: 0.0002264
• Adding position: 0.0002370
• Stop loss point: 0.0002530
• Profit target: 0.0002035, 0.0002012, 0.0001990
• Position allocation: 50%-30%-20%
My prediction:
1000SATS will enter the oversold area in the short term, and there is a greater chance of rebound. It is recommended to go long and focus on the opening opportunities near 0.0002035.
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