HiGH latest June 11 price trend analysis, must read to unwind, remember to pay attention to collection

1. K-line pattern:

- Recent prices have shown a clear downward trend, especially the sharp drop since June 8.

- In the 4-hour cycle, there have been many long upper and lower shadows, indicating that the market is highly volatile and uncertain.

2. Technical indicators:

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

- RSI: RSI is close to 30 in the 4-hour cycle, entering the oversold range, but there is no obvious sign of rebound, indicating that the current market is still weak.

- EMA: EMA7, EMA30 and EMA120 are all showing a downward trend, and the short-term moving average (EMA7) is below the long-term moving average (EMA120), further confirming the downward trend. The current price is also below all major moving averages, showing strong selling pressure.

3. Volume:

- Daily volume peaked on June 10 and then fell back, which corresponds to the sharp drop in prices, indicating huge selling pressure.

- The volume has gradually decreased in recent trading days, which may indicate that market sentiment is becoming cautious and waiting for new direction guidance.

4. [Buy and sell points]

- Buy point 1: 3.00 USDT (reason: near the previous low point, integer level support)

- Buy point 2: 2.90 USDT (reason: further down to a stronger support area, while meeting the interval requirement of more than 1%)

- Long stop loss point: 2.85 USDT (reason: 5 units below buy point 2 to prevent false breakthroughs)

- Sell point 1: 4.00 USDT (reason: integer level pressure, near the previous high point)

- Sell point 2: 4.50 USDT (reason: further up to a stronger resistance area, while meeting the interval requirement of more than 1%)

- Short stop loss point: 4.55 USDT (reason: 5 units above sell point 2 to prevent false breakthroughs)$HIGH #HIGH.24小时交易策略

The above strategies are for reference only. You must bring a stop loss when doing contracts, especially this monster coin, to protect the principal and still be able to land