#Hashdex获准在巴西推出XRPETF $S

【S/USDT price trend analysis】

1. K-line pattern:

- Recently, the price has shown a clear upward trend, and multiple consecutive positive lines show strong buying in the market.

- The recent high is close to the integer 0.99, which may form short-term pressure.

2. Technical indicators:

- MACD: Both DIF and DEA are above the zero axis, and the MACD histogram continues to expand, indicating that the current market is strong and bullish.

- RSI: The RSI value is in the overbought range, but there is no sign of a pullback, indicating strong upward momentum.

- EMA: EMA7, EMA30, and EMA120 diverge upward in turn. The short-term, medium-term, and long-term moving averages provide good support, confirming the upward trend.

3. Trading volume:

- Trading volume has increased significantly in the last few candlesticks, supporting a rapid rise in prices.

- After a large-volume rise, we need to be alert to the potential adjustment risks caused by profit-taking.

【Buy and sell points】

- Buying point 1: 0.90 USDT (close to the previous support level, buying orders may form near the integer mark)

- Buy point 2: 0.88 USDT (further pullback to stronger support area, increase safety margin)

- Long stop loss point: 0.87 USDT (falling below this position indicates that the trend may reverse and stop loss should be stopped in time)

- Selling point 1: 1.00 USDT (there is obvious pressure at the integer level, and selling pressure may occur in the short term)

- Selling point 2: 1.02 USDT (upward space opens after breakthrough, but beware of false breakthrough risk)

- Short stop loss point: 1.03 USDT (if the price continues to rise and stabilizes at this level, short positions should stop loss and exit)

S's 4-hour price trend: Up

Jieshen’s analysis and deduction does not constitute investment advice and is for reference only.