#SAHARAUSDT Intraday Market Analysis
Prices have been hovering around 0.08, with a clear contest between bullish and bearish forces.
In the short term, the current price is testing the low support level of 0.077. If it can stabilize at this support level, a weak rebound is expected; however, if it falls below this level, it may test lower support areas.
Cautious Operation: In the current situation, bears still dominate, so it is advisable to wait for the price to break through key levels (such as 0.077 or 0.12) before taking action.
Focus on Accumulating at Low Prices: If the price retraces to the low support of 0.077 and shows clear signs of stabilization, consider lightly accumulating, but set a stop-loss to control risk.
Beware of False Rebounds: If the price breaks through the resistance at 0.12, it can confirm a bullish signal, allowing for increased holdings, but until the price effectively breaks through, remain cautious of the risk of a failed rebound.
Potential Buy and Sell Points
Buy Point: Around 0.08 (close to the current low fluctuation range, likely forming short-term support.)
Long Position Stop-Loss Point: 0.077 (if it falls below this recent important low point, confirming the continuation of the downward trend.)
Sell Point: 0.085-0.09 (if it rebounds to the upper pressure zone, bears may regain strength.)
Advice for Holding Positions: Gradually reduce positions during rebounds, as this coin has a large amount of unlocking, and is overall in a downward trend! The market is volatile, feel free to call Yuan Ge if anything is unclear.