I. Key market data
1. Latest price: 1.1705 USDT (RMB price ¥8.39)
2. 24-hour range: 1.0863 (lowest) - 1.1811 (highest), amplitude 8.72%
3. Current increase: +7.49% (significantly outperforms the market)
4. Trading volume: 235,848.5 PROVE (approximately 276,000 USDT)
II. Technical pattern analysis
1. Moving Average System (MA)
- MA(7): 1.1683 (short-term support)
- MA(25): 1.1701 (dynamic equilibrium level)
- MA(99): 1.1369 (long-term trend support)
- The current price is above MA7, with a short-term bullish trend
2. Key price levels
- Resistance above: 1.1811 (24h high), 1.1860 (psychological level)
- Support below: 1.1701 (MA25), 1.1683 (MA7), 1.1429 (recent low)
3. Volume analysis
- Current trading volume: 235,848.5 PROVE
- 5-day average volume (MA5): 349,395.96 (current volume is below average, caution is needed for false breakouts)
- 10-day average volume (MA10): 449,008.81 (if it breaks 1.1811 with increased volume, the trend may continue)
III. Indicator signal interpretation
1. RSI(14): Not displayed (but a 7.49% increase indicates short-term overbought risk)
2. MACD: Does not show specific values, but the price breaks above MA7, indicating strong short-term momentum
3. Long-short ratio: 56.90% long positions vs. 43.10% short positions (market sentiment is slightly bullish)
IV. Operation strategy suggestions
1. Short-term trading
- Breakout strategy: If it breaks 1.1811 with increased volume, a light position can be taken to chase long, target 1.1860
- Callback strategy: If it stabilizes after retracing to 1.1701 (MA25), consider a buy on dips
- Stop-loss setting: Consider stop-loss if it drops below 1.1683 (MA7)
2. Risk control
- Leverage suggestion: ≤5 times (current volatility is high)
- Position management: short-term position ≤5% of total funds
V. Comprehensive conclusion
1. Short-term trend: The price is above MA7, short-term bullish, but attention is needed for the resistance level at 1.1811.
2. Volume observation: Current trading volume is below the 5-day average; if it breaks 1.1811, it needs to be confirmed with increased volume.
3. Key support: 1.1701 (MA25) is a short-term defensive level; if it breaks, it may retrace to 1.1429.
(Note: Cryptocurrency trading is highly risky; it is recommended to make decisions based on personal risk preferences)$PROVE