- Buy Point 1: 3100 USDT (Integer support level, close to previous swing low, with EMA7 providing some support)
- Buy Point 2: 3050 USDT (Stronger integer support level, near the lowest area after the December 12 plunge, potential for increased buying volume)
- Long Position Stop Loss: 3025 USDT (Slightly below Buy Point 2 to avoid further downside risk, while meeting stop-loss interval requirements)
- Sell Point 1: 3150 USDT (Integer resistance level, close to EMA30 resistance, also the recent upper boundary of the oscillation)
- Sell Point 2: 3200 USDT (Higher integer resistance level, near the rebound high on December 11, potential selling pressure)
- Short Position Stop Loss: 3225 USDT (Slightly above Sell Point 2 to prevent continued rise after breakthrough, while meeting stop-loss interval requirements)
【Price Trend Analysis】
1. Candlestick Pattern:
- Daily chart shows a large bearish candle on December 12, followed by two days of slight rebound, but overall still in a downtrend.
- 4-hour chart shows recent consolidation with oscillating candles, price fluctuating between 3100-3125, testing support around 3115 multiple times.
2. Technical Indicators:
- MACD: On the 4-hour chart, DIF and DEA are both negative, MACD histogram shows decreasing green bars, indicating weakening bearish momentum, possibly entering a sideways or rebound phase.
- RSI: Around 44 on the 4-hour chart, not in overbought or oversold territory, suggesting market sentiment is neutral.
- EMA: Price is above EMA7 but below EMA30 and EMA120, indicating short-term rebound potential but medium- to long-term resistance remains strong.
3. Volume:
- Daily volume gradually declines, indicating increasing hesitation from both bulls and bears.
- 4-hour volume significantly decreases, market activity reduces, likely to continue narrow-range oscillation in the short term.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
6
Repost
Share
Comment
0/400
WilliamHenry
· 3h ago
good looking forward
Reply0
Bit_Rise
· 3h ago
Great infrastructure 👌
Reply0
Bit_Rise
· 3h ago
Good info 👍
Reply0
CryptoSpecto
· 6h ago
good information 😁🥰😍💐💐
Reply0
DemonBrother-In-LawNo.1
· 7h ago
Everyone, when we fall, no one stops us. But when we want to stand out and defy the heavens to change our destiny, the people who block us are more than thousands and ten thousands. Coming from a humble background and striving hard has always been a life-and-death struggle. We choose to go solo; when it comes to fate, we choose loneliness. Only ultimate success will speak for us. When youth achieves ambitions, it sails against the wind; great talents reach their full potential late in life, and that is the true way. Everyone, we must endure, we must hold on, when the time comes, it will naturally happen. Don’t be truly discouraged; the universe is still undecided. You and I are both dark horses.
【Buy and Sell Levels】
- Buy Point 1: 3100 USDT (Integer support level, close to previous swing low, with EMA7 providing some support)
- Buy Point 2: 3050 USDT (Stronger integer support level, near the lowest area after the December 12 plunge, potential for increased buying volume)
- Long Position Stop Loss: 3025 USDT (Slightly below Buy Point 2 to avoid further downside risk, while meeting stop-loss interval requirements)
- Sell Point 1: 3150 USDT (Integer resistance level, close to EMA30 resistance, also the recent upper boundary of the oscillation)
- Sell Point 2: 3200 USDT (Higher integer resistance level, near the rebound high on December 11, potential selling pressure)
- Short Position Stop Loss: 3225 USDT (Slightly above Sell Point 2 to prevent continued rise after breakthrough, while meeting stop-loss interval requirements)
【Price Trend Analysis】
1. Candlestick Pattern:
- Daily chart shows a large bearish candle on December 12, followed by two days of slight rebound, but overall still in a downtrend.
- 4-hour chart shows recent consolidation with oscillating candles, price fluctuating between 3100-3125, testing support around 3115 multiple times.
2. Technical Indicators:
- MACD: On the 4-hour chart, DIF and DEA are both negative, MACD histogram shows decreasing green bars, indicating weakening bearish momentum, possibly entering a sideways or rebound phase.
- RSI: Around 44 on the 4-hour chart, not in overbought or oversold territory, suggesting market sentiment is neutral.
- EMA: Price is above EMA7 but below EMA30 and EMA120, indicating short-term rebound potential but medium- to long-term resistance remains strong.
3. Volume:
- Daily volume gradually declines, indicating increasing hesitation from both bulls and bears.
- 4-hour volume significantly decreases, market activity reduces, likely to continue narrow-range oscillation in the short term.