1-hour chart (short term):
V-shaped structure is clear, rebounding strongly from 2.88, has pulled back about 300 points since then;
EMA and MA short-term moving averages have golden crosses (like 5, 10, 20), price is above the averages;
Bollinger midline (MID) support is evident, currently between the middle and upper bands;
SAR indicator point is still below the K-line, indicating the continuation of the bullish trend;
Initial pressure appears: currently in the middle consolidation area of the previous downward trend, may face pressure near previous highs.
4-hour chart (medium term):
The downward trend has eased somewhat, but overall it is still under the upper resistance of the descending channel;
Price broke through EMA(5) and EMA(10) for the first time, retracing and stabilizing, showing weak rebound signals;
SAR is still low, but the Bollinger band has not fully opened, indicating preliminary repair.
Suggested operation range
Current price level: 3.21
First loss position:
3.26
Corresponds to the upper Bollinger band position on the 1-hour chart;
Also a dense trading area of previous high points, expected to encounter pressure for the first time.
Second loss position:
3.29 - 3.31
Corresponds to the dense area of the previous 4-hour chart's downward continuation platform;
If the volume is sufficient, there is hope to reach this position;
Loss position:
3.12
Predicted fluctuation range for today
Low support: 3.12
High challenge: 3.31