Dahui's Midday Analysis: $龙虾
Current Price: 0.007727 USDT, 24h drop 11.35%, today's drop 8.68%, 7-day drop 35.84%
Moving Averages: Price is far below MA7/25/99, moving averages are in a bearish arrangement, short-term trend is extremely bearish
Volume: After a significant drop, volume has slightly decreased, selling pressure remains, rebound momentum is extremely weak
Key Levels: Support 0.007655, Resistance 0.007920 (MA7)
Dahui's Trading Recommendations
Short (Preferred):
When a rebound reaches the resistance zone of 0.007750-0.007920 (MA7), take a light short position, target 0.007655, stop loss 0.008000.
Long:
Only take a light position for a rebound when a clear stabilization signal appears near 0.007655 (such as a long lower shadow, significant bullish candle), target 0.007900, stop loss 0.007550
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