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Price Trend Analysis
K-line shape:
At the 4-hour level, a long yin swallowing pattern appeared (12/11 08:00), followed by a price rebound but did not break through the previous high, forming a secondary high point;
A K-line with a long upper shadow has closed for three consecutive days at the daily level, indicating strong selling pressure above 3400;
Technical Indicators:
MACD: At the 4-hour level, DIF crosses DEA and forms a dead cross (12/11 12:00). The daily MACD red bar continues to shorten but remains below the zero axis;
RSI: The 4-hour RSI quickly fell from the overbought area of 72.87 to around 50, and the 1-hour RSI tested the 30 support level multiple times;
EMA: The price fell below 7EMA (3267) and tested the support of 30EMA (3195), while 120EMA (3111) remained upward;
Turnover
On the day of the sharp decline (12/11 08:00), the 4-hour trading volume reached 138432, which is more than three times the recent average;
During the rebound process, the volume continued to shrink (only 28973 at 12:00 on 12/11), showing a divergence between price and volume;
Buying and selling point:
Buy Point 1: 3150 USDT (daily EMA30 support level combined with integer level, previous low point of 3142 forms resonance support)
Buy Point 2: 3100 USDT (120EMA strong support zone+psychological integer level, 12/08 low 3088 verified effectiveness)
Long stop loss point: 3075 USDT (accelerate stop loss after falling below the previous lows of 3088 and 120EMA3111, reserve buffer space)
Sell Point 1: 3250 USDT (4-hour EMA7 pressure level+integer level, recent rebound high of 3267 suppressed significantly)
Sell Point 2: 3300 USDT (previously high at 3327 selling pressure zone+starting point of sharp decline, with a 1.5% gap from the sell point, meeting profit requirements)
Short stop loss point: 3335 USDT (stop loss after breaking through the previous high of 3327 and 1-hour EMA30 pressure of 3284, risk controllable)
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.