My view is that it will continue to rise, you can take a small long position, aiming for 5u.
1. Trend Analysis and Technical Indicators (1)Short-term Trend: Current price (3.20376) is above MA(7), MA(25), MA(99), and the short-term moving average (MA7) crosses above the medium and long-term moving averages, indicating a short-term upward trend. However, be cautious of the significant gap between the long-term MA (2.76201) and the current price, which may pose a retracement risk. (2)Key Support/Resistance: - Support Level: 2.37521 (recent low), 2.28000 (high trading volume area); - Resistance Levels: 3.28200, 3.32524 (recent highs). (3)Technical Indicator Combination: - MACD: Observe golden cross/death cross signals to confirm trend continuation or reversal;
1. Trend Analysis and Technical Indicators (1) Short-term Trend: The current price (3.20376) is above MA(7), MA(25), and MA(99), and the short-term moving average (MA7) has crossed above the medium to long-term moving averages, indicating a short-term upward trend. However, caution is needed as the long-term MA (2.76201) is significantly different from the current price, which may pose a risk of pullback. (2) Key Support/Resistance: - Support Level: 2.37521 (recent low), 2.28000 (high trading volume area); - Resistance Level: 3.28200, 3.32524 (recent high). (3) Technical Indicator Combination: - MACD: Watch for golden cross/death cross signals to confirm trend continuation or reversal; - Bollinger Bands (BOLL): If the price breaks through the upper band, it may be overbought; if it falls below the middle band (MA20), the trend weakens; - Volume: Current VOL is below the 5-day/10-day average volume. If the price continues to rise but volume does not increase, caution is advised when chasing higher prices.
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2. Opening Strategy (1) Conditions to Go Long: - Price stabilizes at 3.20 (near the marked price) and MACD forms a golden cross; - Significant increase in volume, and breaking through the 3.28 resistance level can add to the position. (2) Conditions to Go Short: - Price falls below MA7 (3.18075) and MACD shows a death cross; - A rebound to around 3.28 meets resistance, along with shrinking volume.
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3. Risk Management (1) Stop Loss and Take Profit: - Long Stop Loss: Set at 3.00 (psychological level) or below MA25 (3.10719); - Short Stop Loss: Set above 3.30 (recent high). (2) Position Control: Each position should not exceed 5% of total capital, and leverage should not exceed 10 times (to avoid liquidation from high leverage). (3) Take Profit Strategy: Take profit in stages, for example, closing positions in batches at 3.30 and 3.40, while keeping some positions to benefit from trend continuation. #IP