#PEOPLE
Buying point:
Initial buying range: When the price is close to 0.06000 - 0.06200 USDT, you can consider buying for the first time. This area is close to the lower Bollinger Bands, and the low of 0.04500 USDT may form long-term support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.06500 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:
First take-profit target: When the price rebounds to 0.07000 - 0.07200 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 exceeds 0.08000 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 0.06000 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 currently crossing upward, indicating that the short-term market may have an upward trend. EMA(99) shows that the long-term trend is gradually improving and market confidence may be recovering.
Bollinger Bands: The current price is in the middle and upper Bollinger Bands area, indicating that the market has certain upward momentum in the short term. The expansion of Bollinger Bands also indicates that market volatility is increasing, and it is necessary to pay attention to the risks caused by high volatility.
