1. Price and Short-term Trend
• Current price: 11.02 USDT (+3.38%)
• Today's candle is moving sideways, with a small body and short wicks – indicating a struggle between buyers and sellers.
• After the pump to the peak of 16.44 (around mid-April), the price dropped sharply and is currently sideways below the EMA34.
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2. EMA Lines (Exponential Moving Average)
• EMA(9): 11.68 – the price is currently below this line.
• EMA(34): 11.26 – also above the price.
• EMA(89): 14.20 – quite far above, indicating that the medium-long term trend is still down.
• => The price is below all short-medium-long term EMAs → leaning towards a bearish trend.
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3. Stochastic RSI Indicator
• STOCHRSI: 2.00 → Extremely oversold area.
• The %K line is crossing below the %D line, and no signs of a bounce have been seen.
• => The price is being oversold, but there are no clear signs of a rebound yet.
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4. MACD Indicator
• DIF: -0.49, DEA: -0.69, MACD Histogram: +0.20
• MACD is in the negative zone but the histogram has narrowed → a sign of decreasing downward momentum.
• A slight bullish divergence may form if the price creates a new low while the MACD does not decrease.
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5. Trading Volume
• KL 24h (TRUMP): 10.61M – not too volatile, indicating that the market is waiting for price reactions.
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Summary of Trading Strategy
• Main trend: Downtrend after a strong pump, currently sideways-pessimistic.
• The nearest support zone: 10.37 (24h low) – if it breaks, it could drop to the 8-9 zone.
• Short-term resistance zone: 11.26 (EMA34) and 11.68 (EMA9).
• If surfing: Wait for StochRSI to bounce up from the oversold area + MACD crossover → may enter a short position with SL below the nearest low.
• If holding investment: Not suitable yet, as the candle structure is not stable and the EMA is still sloping down.