After the previous round of decline, the price broke through an important support level and has been consolidating at lower levels, gradually rising.
BOLL Bands: The BOLL bands have started to narrow, indicating a decrease in market volatility, and a potential upward breakout formation may occur. The current price is near the middle line of the Bollinger Bands, suggesting that the price is in a balanced area, waiting for further breakout.
EMA and MA: The 5-period EMA is above the 10-period EMA, indicating an upward short-term trend. The 10-period MA is above the 20-period MA, also indicating that the upward momentum remains strong, especially with signs of support forming after recent pullbacks.
SAR Indicator: The SAR indicator remains below the current price, indicating that we are still in a bullish phase, with clear support levels.
Today's Operation Suggestions
Bullish: Support level around 0.775; if the price stabilizes and breaks through 0.800-0.82
Loss: 0.765
