$HEMI 3.29 Dayong's Midday Thoughts:
1H level volume contraction retest EMA20, price is hovering around 0.00643. The 4-hour Bollinger Band middle line is trending upwards, with price in the upper half, and the MACD histogram continues to expand. The 1-hour RSI has fallen from 70 to around 60, indicating healthy momentum. The buying depth far exceeds the selling depth, with thick orders from 0.00641 to 0.00642, clearly showing the intention to support the price.
Suggested Actions
Entry: Accumulate in the range of 0.00590 - 0.00597
Stop Loss: Below 0.00590
Target 1: 0.00625
Target 2: 0.00639
Trade Management:
- Execution Strategy: Reduce half of the position after the price reaches 0.00625, move the stop loss of the remaining position up to the entry price. If the price cannot stabilize above 0.0060, exit proactively.
Keep the position size stable, the price remains strong in a negative fee environment, indicating potential for short squeezes. After a rapid recovery following a buying gap on the 1-hour level, selling pressure is quickly absorbed. This risk-reward ratio is worth trying, but it must be executed strictly according to plan, as Hot Coin has a very low volatility tolerance. #加密市场回调
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