$vvv 4-hour cycle price trend: Bullish
Recent prices have oscillated around 4.0, showing signs of an upward breakout, presenting a positive bullish trend in the short term, with upward momentum expected to continue. In terms of candlestick patterns, the three rising soldiers and the ascending triangle breaking the upper boundary indicate short-term upward momentum, but the doji pattern requires caution regarding subsequent trend confirmation. In terms of technical indicators, MA7 continues to rise and the price has broken and moved away from MA7, reflecting an increase in buying strength; the price stabilizing above MA30 further supports the bullish trend. Recent trading volume has shown significant fluctuations, with April 30th seeing a volume spike that may suggest a phase top, and from May 2nd, the reduction in volume indicates weakening of bearish sentiment, while increasing volume during rebounds shows active bulls.
Recommendation: You may follow the short-term bullish trend and consider going long moderately, with a focus on breaking the resistance levels of 4.4 and 5.244. If trading volume continues to increase and the price breaks key resistance, consider adding to longs; if it breaks below MA7 or MA30, stop loss.
Potential Buy/Sell Points:
Buy Point: 4.159 USDT (close to MA7 support, providing a better buying opportunity)
Long Stop Loss Point: 3.95 USDT (breaking below MA30 may indicate a trend reversal, stop loss needed)