An Xin's midday market report:
$CATI 1 H-level volume reduction retest EMA20, price hovering around 0.0487. The 4H Bollinger Bands are opening upwards, with the price firmly below the upper band, and the MACD histogram is still expanding. The open interest is stable, the funding rate is slightly positive, and there are no signs of overheating. The buy orders are significantly piled up in the 0.0485-0.0486 range, while selling pressure is concentrated above 0.0488, with bulls and bears confronting in a narrow range.
🎯 Direction: Long
⚡ Entry/Order: 0.0478 - 0.0481
🛑 Stop Loss: 0.0467
🚀 Target 1: 0.0510
🚀 Target 2: 0.0527
- Execution Strategy: After the price reaches the first target, reduce the position by half, and move the stop loss of the remaining position to the entry price. If the price cannot stabilize above 0.0485 and breaks down with volume, exit directly.
Volume reduction retests are a healthy signal; the stable open interest indicates that funds have not exited. The 1-hour RSI has fallen from a high of 62, providing space for another attack. Combined with the 4-hour ascending channel, the risk-reward ratio at this position is worth the ambush. The previous high of 0.0496 is the first test, and once broken, space opens up.
Personal opinions are for reference only; trading involves risks, and investors should be cautious!
Follow An Xin for daily insights and in-depth analyses. An Xin does not boast or make empty promises, only sharing practical experiences that help survive in the market! #特朗普缓和局势
