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Based on the trend of this candlestick chart (combined with multiple indicator lines), the core analysis is as follows:
Image
1. Trend Status
◦ After the price created a new low at 3052.48, it quickly rebounded and is currently back to around 3141.05. The candlestick shows a long bullish red candle, with the pink and white indicator lines turning upward simultaneously. The short-term bearish trend is temporarily paused, and the bulls are initiating a rebound from oversold conditions.
◦ The momentum of the previous continuous decline has been exhausted at the low point. The rebound broke through the key resistance line at 3119.7, indicating strong bullish recovery intent. However, it remains to be seen whether it can stabilize above the critical rebound level in the medium term.
2. Key Support and Resistance
◦ Support levels: First support at $3120 (recent rebound consolidation platform), strong support at $3100 (important stabilization level after the low rebound). If it falls below $3100, the rebound trend may quickly reverse.
◦ Resistance levels: First resistance at $3141 (current price level + previous consolidation resistance), strong resistance at $3160 (indicator white line suppression level + previous rebound high during the decline). Breaking through $3160 could open the way toward $3180.
3. Trading Operation Tips
◦ In the short term, focus on buying on dips. If the price stabilizes around $3120-$3100, consider entering long positions with stop-loss below $3090.
◦ If the price encounters resistance at $3141-$3160 during the rebound and a volume increase in bearish candles appears, try a small short position with a stop-loss above $3160, targeting around $3120.
From a technical perspective, this chart shows a strong V-shaped reversal + volume breakout feature. The core analysis is as follows:
Image
1. Trend and Pattern
The price first dipped to a low of 8926.0, then bottomed out, forming a rapid V-shaped reversal. Recently, it broke through the key resistance at 9247.7 with a large bullish candle, clearly indicating an upward short-term trend, typical of an oversold rebound + trend reversal pattern.
2. Indicator Signals
The moving averages / track-type indicators (colored curves + dots) show the price quickly crossing above multiple indicator lines. Although there is short-term divergence (price far above the indicator lines), the upward turning trend of the indicators remains, and bullish momentum has not yet exhausted.
3. Key Levels and Operation Points
◦ Support levels: 9247.7 (former resistance turned into immediate support), followed by the 9100 zone (upper boundary of the previous consolidation platform);
◦ Resistance levels: focus on the 9300 integer level and the previous high in the 9300 - 9350 range;
◦ Risk Reminder: The short-term rally is large. If the price retraces and breaks below the 9247.7 support, profit-taking may be triggered, so watch out for a correction risk. If it holds above this support, the bulls will continue to push higher.
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