$HIGH 【Price Trend Analysis】

1. K-line pattern:

- The price has shown an obvious downward trend recently, especially the sharp decline starting from June 8.

- Within the 4-hour period, there were multiple long upper shadow lines and large negative lines, indicating heavy selling pressure from above.

2. Technical indicators:

- MACD: In the 4-hour period, MACD continues to be in the negative zone, and both the DIF line and the DEA line diverge downward, showing a strong short signal.

- RSI: The current value of RSI is 26.3162, which is close to the oversold zone, but has not yet entered an extreme oversold state. You need to pay attention to whether it will decline further or rebound.

- EMA: The current price is below EMA7, EMA30 and EMA120, and the short-term, medium-term and long-term moving averages are all arranged in a short position, indicating that the overall trend is bearish. Of particular note is the large gap between EMA7 (4.1589) and EMA30 (5.5981), showing a rapid decline in the short term.

3. Trading volume:

- The trading volume of several K lines has increased significantly in recent times, especially when the price drops sharply, indicating that the market sentiment is panic and the selling pressure is huge.

- The trading volume at the daily level has also increased significantly, indicating that this decline has been supported by a large amount of trading volume, and the possibility of continued decline cannot be ruled out. 【Buy and sell point】

- Buying point one: 3.50 USDT (close to the previous low, and the integer mark may form support)

- Buying point two: 3.40 USDT (further down to a stronger support area, while meeting the interval requirement of more than 1%)

- Long stop loss point: 3.35 USDT (5 units below the buy point two to prevent false breakthroughs)

- Selling point one: 4.00 USDT (close to EMA7 and previous high, there is great selling pressure) $HIGH

- Selling point two: 4.50 USDT (further upward to a stronger pressure zone, while meeting the interval requirement of more than 1%)

- Short stop loss point: 4.55 USDT (5 units above selling point two to prevent false breakthroughs) #HIGH