Analysis and Trading Suggestions for Deer Star 8.5 Morning Thoughts



From the daily chart analysis, the price has closed with two bullish candles, quickly pulling the price back into the indicator range. Currently, the price is running between the lower and middle bands of the Bollinger Bands. Judging from various indicators, the market is still in an overbought phase, with the bulls still holding a clear advantage, suggesting that the price has further upward momentum.
Looking at the four-hour level, the price of the coin continues the previous pattern of slow upward movement with small gains. After testing the upper resistance level in the early morning, it quickly fell back into the indicator range. Currently, the structure of the price's slow upward movement hasn't shown significant changes, and the MACD fast and slow lines are still in a divergence state. Moving forward, attention needs to be paid to whether the upper resistance level can be effectively held. If it cannot stabilize, the market may face downward pressure. The current trading strategy is focused on short-term buying.

Operation suggestions:
The big pie is fluctuating around 114700, targeting 115700;
The aunt is hovering around 3700, aiming for 3780. #加密市场反弹#
PUMP-0.62%
XRP0.75%
GT-0.52%
BTC-0.67%
ETH3.47%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)