$TCOM 🔍 1. Key Technical Indicator Analysis
1. Price and Increase:
- Current Price $0.015907, 24-Hour Increase +3.22%. Although there is a short-term rebound, overall it is still in a low-level fluctuation.
2. Williams %R(14) = -65.62:
- This indicator is between -20 and -80, currently slightly neutral but leaning bearish (close to oversold but not extreme), suggesting that sellers are still dominant and the rebound is lacking momentum.
3. KDJ Indicator:
- K: 44.40, D: 35.31, J: 62.59
- J value > K value > D value, indicating signs of short-term rebound, but K and D values are still below 50, indicating that the medium-term trend remains weak.
4. MACD Indicator:
- DIF: -0.002366, DEA: -0.002908, MACD: 0.000541
- MACD histogram has just turned positive (Golden Cross), but DIF and DEA are still below the zero axis, indicating a weak rebound, and its sustainability remains to be observed.
5. OBV (On-Balance Volume):
- -9,997,693.87, clearly a negative value, indicating continuous capital outflow and insufficient market confidence.
6. Trading Volume:
- Current trading volume 31,690.11, significantly lower than the 5-day average volume 72,532.04 and 10-day average volume 85,041.75, indicating a shrinking rebound and lack of sustainability.
📉 2. Four-Hour Trend Assessment
- Short-Term Trend: MACD Golden Cross and KDJ rebound suggest a possible slight recovery, but the volume is insufficient and OBV is negative, indicating limited rebound strength.
- Key Resistance Levels: $0.017 (near previous high) and $0.0185 (SAR pressure level).
- Key Support Levels: $0.0147 (current SAR support) and $0.012 (previous low area).
✅ Conclusion:
The downward trend has not yet ended, and there is a high possibility of further declines after the rebound. Unless there is a volume breakout above $0.0185 and it stabilizes, the bearish outlook remains.
💡 3. Operational Suggestions
- Short-Term Traders: Can consider reducing positions or shorting in the $0.017–0.018 area during the rebound.
- Medium to Long-Term Traders: Suggested to wait for clearer bottom signals (such as a volume surge with positive OBV).
- Stop-Loss Reference: If it falls below $0.0147, it may accelerate the decline to $0.012.
📌 Summary
Currently, TCOM's technical indicators are weak, with significant capital outflow and insufficient rebound volume, and the four-hour downward trend has not been reversed. Caution in operations is advised, with a focus on risk control.