#1000sats
Buying point:
Initial buying range: When the price is close to 0.0003000 - 0.0003200 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the recent low of 0.0002966 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.0003400 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 0.0003500 - 0.0003600 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 0.0004000 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 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) show the market’s short-term rebound momentum, and the market has the potential to rise further. EMA(99) shows that the long-term market trend is stable.
Bollinger Bands: The current price is in the middle of the Bollinger Bands, showing that the market may have some fluctuations, but there is potential for a rebound in the short term. Bollinger Bands expansion means increased market volatility and needs to be dealt with with caution.