COMMON is currently quoted at 0.00339, up 8.48% from the previous period, with the bullish trend continuing. It has been running for 70 consecutive 4-hour candlesticks. From a technical perspective, the key support for this wave of price action is at 0.00280, with three resistance levels above at 0.00530, 0.00581, and 0.00829.
Current trading strategy can hold positions along the ladder-like support line, or look for low-absorption opportunities when the price pulls back to the key support. Special attention should be paid to the 0.00330 dynamic stop-loss reference line. Once it breaks below, the entire bullish trend may enter a stagnant state.
Risk considerations warrant caution: the bullish momentum of the MACD has shown obvious weakening, which suggests a potential divergence in volume and price, with rising risk of a pullback at high levels. Currently, the price has only a 2.6% buffer space from the dynamic stop-loss line. With volatility intensifying, strict risk management discipline must be enforced.
COMMON is currently quoted at 0.00339, up 8.48% from the previous period, with the bullish trend continuing. It has been running for 70 consecutive 4-hour candlesticks. From a technical perspective, the key support for this wave of price action is at 0.00280, with three resistance levels above at 0.00530, 0.00581, and 0.00829.
Current trading strategy can hold positions along the ladder-like support line, or look for low-absorption opportunities when the price pulls back to the key support. Special attention should be paid to the 0.00330 dynamic stop-loss reference line. Once it breaks below, the entire bullish trend may enter a stagnant state.
Risk considerations warrant caution: the bullish momentum of the MACD has shown obvious weakening, which suggests a potential divergence in volume and price, with rising risk of a pullback at high levels. Currently, the price has only a 2.6% buffer space from the dynamic stop-loss line. With volatility intensifying, strict risk management discipline must be enforced.