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【Buy and Sell Levels】
- Buy Point 1: 3100 USDT (Integer support level, close to previous swing low, with EMA7 providing some support)
- Buy Point 2: 3050 USDT (Stronger integer support level, near the lowest area after the December 12 plunge, potential for increased buying volume)
- Long Position Stop Loss: 3025 USDT (Slightly below Buy Point 2 to avoid further downside risk, while meeting stop-loss interval requirements)
- Sell Point 1: 3150 USDT (Integer resistance level, close to EMA30 resistance, also the recent upper boundary of the oscillation)
- Sell Point 2: 3200 USDT (Higher integer resistance level, near the rebound high on December 11, potential selling pressure)
- Short Position Stop Loss: 3225 USDT (Slightly above Sell Point 2 to prevent continued rise after breakthrough, while meeting stop-loss interval requirements)
【Price Trend Analysis】
1. Candlestick Pattern:
- Daily chart shows a large bearish candle on December 12, followed by two days of slight rebound, but overall still in a downtrend.
- 4-hour chart shows recent consolidation with oscillating candles, price fluctuating between 3100-3125, testing support around 3115 multiple times.
2. Technical Indicators:
- MACD: On the 4-hour chart, DIF and DEA are both negative, MACD histogram shows decreasing green bars, indicating weakening bearish momentum, possibly entering a sideways or rebound phase.
- RSI: Around 44 on the 4-hour chart, not in overbought or oversold territory, suggesting market sentiment is neutral.
- EMA: Price is above EMA7 but below EMA30 and EMA120, indicating short-term rebound potential but medium- to long-term resistance remains strong.
3. Volume:
- Daily volume gradually declines, indicating increasing hesitation from both bulls and bears.
- 4-hour volume significantly decreases, market activity reduces, likely to continue narrow-range oscillation in the short term.