#GMT
Buying point:
Initial buying range: When the price is close to 0.1200 - 0.1250 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the low of 0.1161 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.1400 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 0.1450 - 0.1500 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 breaks through 0.1600 USDT, it is recommended to further take profit. This area is a strong resistance level, and if broken, the price may rise further.
Stop loss point:
Stop loss setting: If the price falls below 0.1150 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 shown an upward trend, showing that the market has strong rebound momentum in the short term. EMA(99) shows signs of gradual improvement in the long-term trend, and market sentiment is leaning towards optimism.
Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, indicating that the market has strong momentum and has the potential to rise further in the short term. However, the expansion of Bollinger Bands means greater market volatility, and we need to be wary of short-term correction risks.
