Short-term trend:
Price hit the top at 122,450 USDT and has shown continuous pullback, breaking below EMA(7), currently hovering near EMA(25).
Medium-term support:
Near 116,725 is an important medium-term support level.
Current status:
Price is oscillating between EMA(25) and EMA(99), still weak in the short term, with a possibility of a double bottom.
2. Volume (VOL)
After a high-volume increase, the trading volume gradually decreases during the pullback phase, indicating that bearish strength is weakening, but buyers are not strongly taking over.
3. MACD
DIF has crossed below DEA, MACD bars have turned green, momentum is still bearish, but the green bars show signs of shortening → Bearish strength is weakening, and there is a possibility of a rebound.
4. Key price zone
Support zone:
Recent low at 118,050, if it breaks down, it may test 116,725
116,725 strong support
Resistance zone:
119,341, short-term rebound resistance
122,450
5. Opening strategy suggestion
⚠️ This is for technical analysis reference only and does not constitute investment advice.
Long position strategy (conservative):
Observe whether it stabilizes around 116,800–117,000 USDT (K-line shows a long lower shadow or increased volume rebound), set the stop loss below 116,000, target 119,300 / 120,800.
Short position strategy (short-term):
If it rebounds to around 119,300–119,500 USDT and encounters resistance to fall back, you can try to short, with a stop loss above 119,800, target 118,000 / 117,000.
Oscillation range operation:
Currently oscillating more like in the range of 116,700 – 119,300, suitable for high selling and low buying.
Potential bullish opening area
Range: 4,160 – 4,200
Stop loss: Break below 4,140
Take profit: First target 4,300, second target 4,370 (previous high)
Potential bearish opening area (high short)
Range: 4,350 – 4,370
Stop loss: Breakthrough 4,400
Take profit: First target 4,250
Second target 4,160 (support level)
Around the 4370 resistance level, small positions near the 4160 support.
MACD has a short-term death cross risk, indicating that the short-term may first pull back before attempting to attack upwards.
It is recommended to build positions in batches, do not fully invest at once, especially in the middle of the range (around 4,240) where it is not advisable to enter recklessly.
