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[Price Trend Analysis]
K-line patterns:
In the recent 4-hour period, the price has gradually rebounded from a low of 2.396 to the current 2.562, forming a clear upward trend. On September 16, a long lower shadow and a strong bullish candle appeared during the 2000 period, indicating strong bullish momentum.
The daily chart shows that from September 14 to September 16, there were three consecutive days with candlesticks featuring long upper and lower shadows, suggesting market volatility, but overall it is still in a rebound phase.
Technical Indicators:
MACD: In the 4-hour period, the MACD histogram has turned from negative to positive, the DIF line has crossed above the DEA line, showing a golden cross state, indicating that the short-term trend is leaning towards bullish.
RSI: The RSI has maintained above 50 in the 4-hour period, currently at 58.101, not yet entering the overbought zone but showing upward momentum; the daily RSI has also risen from a low to the neutral zone, indicating a positive trend.
EMA: EMA7, EMA30, and EMA120 are all showing a bullish arrangement, and the price continues to stay above EMA7, indicating that the short-term, medium-term, and long-term trends are all leaning towards bullish.
Trading Volume:
The trading volume on the 4-hour cycle saw a significant increase to 2000 on September 16, followed by a slight decline, indicating that capital inflow has driven the price rebound.
The daily volume peaked on September 16 at 9,770,704, in sync with the price rebound, indicating strong bullish sentiment.
[Buy and Sell Points]
- Buy point one: 2.500 USDT (Reason: Near the previous swing low, the integer level forms support, and it is close to the EMA30 moving average position, providing strong technical support.)
- Buy Point 2: 2.450 USDT (Reason: Closer to the September 16th low price of 2.411, which belongs to the key support area, and coincides with the EMA120 moving average, having strong rebound potential.)
- Long Stop Loss Point: 2.420 USDT (Reason: Located about 1.2% below the buy point two, if it falls below this level, it indicates a weakening trend, and one should exit with a stop loss promptly.)
- Sell Point 1: 2.600 USDT (Reason: Pressure zone at previous high point, close to the highest price of 2.624 on September 14, possible selling pressure.)
- Sell point two: 2.650 USDT (Reason: Further probing to the recent oscillation zone top, and after breaking through may encounter stronger resistance, suitable for gradually reducing positions.)
- Short stop-loss point: 2.680 USDT (Reason: located about 1.1% above the selling point two, if the price breaks through this position, it indicates that the market continues to strengthen, and one should decisively stop loss.)
Investment carries risks; trade with a light position, and bear the risks yourself.