【rats】Clinton Daily Analysis June 5

24-hour trend [up]

【Buy and sell points】

Buy point 1: 0.000150 USDT (near the previous band low, there is strong support)

Buy point 2: 0.000145 USDT (close to the EMA30 moving average position, may generate support)

Long stop loss point: 0.000140 USDT (integer below buy point 2 to prevent further decline risk)

Sell point 1: 0.000175 USDT (near the recent high, there is selling pressure)

Sell point 2: 0.000180 USDT (after breaking through the recent high, the integer barrier pressure)

Short stop loss point: 0.000185 USDT (integer above sell point 2 to prevent further rise risk)

【Price trend analysis】

K-line pattern:

Recent price fluctuations are large, with multiple long upper and lower shadows, indicating that there is obvious selling pressure and buying in the market. In recent days, the K-line has shown a volatile trend, but the overall trend is upward.

Technical indicators:

MACD: DIF and DEA form a golden cross above the zero axis, and the MACD bar chart shows a positive value, indicating that it is currently in a bull market. RSI: RSI14 is currently 57.06, close to the overbought range, but has not yet entered. It is necessary to pay attention to whether it will rise further or pull back. EMA: EMA7 (0.16009) > EMA30 (0.14924), the short-term moving average is higher than the medium- and long-term moving averages, indicating that there is still upward momentum in the short term. EMA120 (0.20016) is much higher than the current price, and long-term pressure still exists.

Trading volume:

On June 4, 2024, the trading volume was significantly enlarged to 538,611,773, and then decreased to 197,514,441 on June 5, indicating that market sentiment has cooled down after the sharp rise of the previous day. Overall, the trading volume has increased in recent days compared with the previous day, and the market activity has increased.