Recently, the market has shown a booming upward trend, with prices soaring like a runaway wild horse. With the dual support of short-term and long-term indicators, the bullish power shows a devastating momentum. Especially in recent cycles, prices have accelerated upward, with trading volume skyrocketing, and funds pouring in like a tide, showcasing the strength of buyers.
Short-term Trends and Opportunity Capture
In the short term, the upward trend is expected to continue, but the previous high around 1.3928 is like a solid fortress, which may trigger fierce battles between bulls and bears, resulting in a volatile consolidation market. It is worth noting that long upper shadows appearing after peaks in trading volume are like early warning signals from the market; short-term profit-taking may occur on a large scale at any time, bringing the risk of a pullback. The short-term support level around 1.1341 may become an important position for bulls to counterattack.
Precise Strategies to Help You Win
Position Holder Strategy: Hold onto your chips and wait for the trend to become clearer. Use 1.1341 as the key support level or the MA (7) line as a defense line, and set appropriate take-profit and stop-loss levels. If the price breaks through the previous high of 1.3928, it will be an excellent opportunity to increase positions and expand gains.
Opportunities for Non-Position Holders: Do not blindly chase high prices; patiently wait for the market to pull back to near the MA (7) line or for the golden entry point during volume contraction adjustments. At the same time, manage risks to ensure safety and profitability.
Short-Term Expert Tips: Keep a close eye on market fluctuations. If the price encounters resistance and fluctuates before the resistance level, it is an excellent opportunity for high selling and low buying. Remember to stay calm and avoid the impulse to chase high prices.
Technical Analysis Code Interpretation
K-Line Language: The Red Three Soldiers three consecutive bullish trend is evident; the bullish engulfing pattern during the upward journey adds fuel to the bullish market, strongly suggesting sustained upward momentum.
Moving Average Code: The MA (7) line is rising steadily above the MA (30) line, indicating a strong market with a clear upward trend.
Trading Volume Code: Trading volume steadily increases with price rise, indicating strong buying power, but the recent high trading volume also suggests that fluctuations may occur in the short term, requiring close attention to volume changes.
Precise Sniping of Key Points
Gold Buying Point: 1.1341 USDT. Here, the MA (7) line provides strong support, and the trend is upward. After a pullback, it is highly likely to trigger strong buying, making it an ideal entry point for positioning.
Risk Stop Loss Point: 1.1 USDT. If this important support level is broken, the short-term trend may reverse. Timely stop loss and exit to preserve strength for the next opportunity.
Profit Taking Point: 1.3928 USDT, close to the previous high, strong resistance may emerge. It is the right time to take profit at high points and lock in gains.
Short Selling Stop Loss Point: 1.42 USDT. If the price breaks through the previous high, it means that the upward trend is further confirmed. Short sellers need to decisively stop loss to avoid greater losses.
The market is ever-changing. Grasping key points and strategies is essential to maintain a winning edge in the waves. Click to switch cycles and unlock more in-depth analysis of K-line charts, ensuring that every trade is well-prepared!
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