Newt's Interpretation:

MACD: The fast and slow lines are positive and rising, and the weakening of the red bars indicates a weakening of the bulls. There is a risk of top divergence, implying that the price may have a short-term correction.

Potential Buy and Sell Points

Buy Point: 0.4972 USDT (This price point is in an important support range and combined with the Fibonacci retracement area, it is expected to be a rebound starting point.)

Long Stop Loss Point: 0.48 USDT (If the price falls below 0.4800, the technical support will fail, and the trend may further decline.)

Sell Point: 0.5811 USDT (This point is close to the recent high and there is a tug-of-war between bulls and bears. At the same time, the middle rail of the Bollinger Bands has a suppressive effect.)

Short Stop Loss Point: 0.6464 USDT (If this resistance level is broken, it indicates that the trend has reopened upward space and should stop the loss and leave the market.) #Newt $NEWT #加密市场反弹