Dahui's Midday Analysis: $M
• Current Price: 2.4082 USDT, 24h increase 40.16%, today's increase 8.54%, 7-day increase 29.11%, 30-day increase 74.03%
Moving Averages: Price slightly below MA7/MA25, far above MA99, short-term high position oscillation, mid-term trend still bullish
Volume: High position increased volume then decreased for consolidation, upward momentum has somewhat weakened
Key Levels: Support at 2.3261, Resistance at 2.5440
Dahui's Trading Suggestions
Long (Conservative):
Stabilizing after a pullback in the 2.35-2.3261 range can take a light long position, target 2.45-2.5440, stop loss at 2.30.
Short (Aggressive):
If it rebounds to the 2.45-2.5440 range and faces pressure with increased volume for a decline, take a light short position, target 2.35, stop loss at 2.56.
• Although the mid-term trend is bullish, the short-term is oscillating at a high position, avoid chasing high
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