#1000sats
Buying point:
Initial buying range: When the price is close to 0.0003000 - 0.0003100 USDT, you can consider buying for the first time. This area is close to the lower Bollinger Bands, and the low of 0.0002966 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.0003300 USDT and the trading volume increases, this is a potential rebound signal and you can consider adding a position. After breaking this resistance level, the market is likely to push higher.
Take profit point:
The first take-profit target: When the price rebounds to 0.0003400 - 0.0003500 USDT, which is the pressure level of the middle track of the Bollinger Bands and EMA (25), partial take-profit can be considered.
Second take-profit target: If the price breaks through 0.0003650 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may enter the overbought zone after breaking through.
Stop loss point:
Stop loss setting: If the price falls below 0.0002966 USDT and the trading volume increases, the loss should be stopped immediately because there is no obvious support below this area and the price may drop further.
Technical indicator support:
EMA(7) and EMA(25): The short-term moving averages EMA(7) and EMA(25) are flattening, indicating that the market has a short-term consolidation trend. EMA(99) shows that long-term market pressure still exists, and the market may have greater fluctuations in the future.
Bollinger Bands: The current price is located near the middle track of the Bollinger Bands, indicating that the market may develop a new trend after a long period of consolidation. The expansion of Bollinger Bands shows the potential for increased market volatility.
