1. Analysis of the current situation
- Price: $266.59 (+23.62% for the last period), indicating a strong upward trend.
- RSI(14): 69.56 — close to the overbought zone (70+), which may signal a possible correction.
- MACD: DIF (7.03) above DEA (2.62), positive histogram (4.41) — confirmation of the upward trend.
- Volumes: High trading volume (100.88 million USDT) supports the current trend.
2. Strategy for entering a position
Conditions for buying (long):
- Trend confirmation: Wait for a slight correction (for example, to the support level of $245–$250) or a rebound from it.
- RSI: Ideally, RSI should drop below 60 to reduce the risk of overbought.
- MACD: Cross of DIF and DEA upward or maintenance of a positive histogram.
- Volume: Increase in volume during price rise after correction.
Entry points:
1. Conservative: After correction to EMA(50) (~$226) with confirmation of rebound.
2. Moderate: On a breakout of resistance at $270 with high volume.
3. Risk management
- Stop-loss:
- For long: Below the local minimum (for example, $240 or 3–5% below the entry point).
- For short (if RSI > 70 and price is hitting resistance at $270): Above $270.
- Take profit:
- First target: $270 (historical maximum for 24 hours).
- Second target: $300 (psychological level).
- Trailing stop: In a strong trend, move the stop-loss up as the price rises.
4. Additional indicators for safety
- EMA(50): Use as dynamic support. Price above EMA — trend is upward.
- BOLL: If the price touches the upper Bollinger band, a correction to the middle line is possible.
- Volumes: Lack of volume support during the rise — a signal for caution.
5. Recommendations
- Avoid entries in the RSI > 70 zone without clear signals.
- Do not trade against the trend (buying prevails).
- Use small positions (1–2% of capital) to minimize risks.
- Monitor news in the DeFi sector — sharp movements are possible.
6. Emergency measures
- In case of a sharp drop below EMA(50) and selling volumes — close the position.
- If MACD starts converging to zero, prepare to exit.
Important: The strategy requires constant monitoring and adaptation to market changes.
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