#BAL

Buying point:

Initial buying range: When the price is close to 1.7000 - 1.8000 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the recent low of 1.523 USDT may form support, indicating a potential rebound opportunity.

Breaking through the buying point: If the price breaks through 2.0000 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 2.2000-2.3000 USDT, which is the pressure level of the upper Bollinger Band and EMA (25), partial take-profit can be considered.

Second take-profit target: If the price exceeds 2.5000 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may rise further after breaking through.

Stop loss point:

Stop loss setting: If the price falls below 1.6500 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) have formed a golden cross, showing that the short-term market is strengthening. EMA(99) shows that the long-term trend is still weak and the market needs more momentum to completely reverse.

Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, indicating that the market has upward momentum in the short term. The expansion of Bollinger Bands indicates increased market volatility, but we need to be wary of overbought risks in the short term.

#美国经济软着陆？ #以太坊基金会 #美国8月非农就业人数不及预期 #小非农增幅创3年多新低

$BAL