COMMON is currently quoted at 0.00339, up 8.48% from earlier, and the bullish trend continues, having consecutively run 70 four-hour K-lines. From a technical perspective, the key support level for this rally is at 0.00280, with resistance levels at 0.00530, 0.00581, and 0.00829.
The current trading strategy can follow the ladder-like support line to hold positions or look for low-entry opportunities during pullbacks to key support levels. It is crucial to pay attention to the dynamic stop-loss reference line at 0.00330. Once broken, the entire bullish trend may stall.
On the risk side, a warning bell needs to be sounded: the bullish momentum indicated by MACD has significantly diminished, suggesting possible divergence between volume and price, and the risk of a pullback from high levels is increasing. Currently, the price has only a 2.6% buffer space from the dynamic stop-loss line. In the context of increased volatility, strict risk control discipline must be enforced.
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OnchainGossiper
· 01-06 16:45
2.6% buffer space does feel a bit like risking it all; with MACD already weakening, do you still dare to hold on?
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Token_Sherpa
· 01-06 09:52
ngl the macd divergence here screams classic bull trap energy... 70 candles is a lot of runway but that 2.6% buffer? that's basically playing russian roulette with leverage tbh
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FallingLeaf
· 01-06 09:40
70 bars of 4-hour K-line, MACD is starting to weaken, it feels like the trend is about to reverse
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2.6% buffer space, a bit risky, one plunge and it's over
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Staircase support sounds good, but the key is whether we can hold at 0.00280
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Divergence between volume and price has caused losses before, it must be taken seriously
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An 8% increase, feels a bit fake
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Breaking 0.00330 means there's no story left, we must lock in this line
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If the bulls are still around, why is MACD weakening?
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Waiting for a pullback to re-enter is more reassuring, jumping in now feels a bit risky
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Risk alarms have already sounded, is anyone still chasing at high levels?
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MetaverseHomeless
· 01-06 09:36
MACD is shrinking but still claiming a bullish trend. Isn't this a signal of catching a falling knife at a high level?
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AirdropNinja
· 01-06 09:35
70 candlesticks and still rising? Feels a bit fake this time, MACD is shrinking but still dare to chase
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A 2.6% gap… how precise does one have to be to avoid爆炸
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Both ladder support and dynamic stop-loss sound very professional, but I still prefer to hold out of stubbornness
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Breaking 0.00330 and it's over? Then I need to set an alarm
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Why is it always "risk is increasing"? This phrase is so overused
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Bullish momentum is shrinking but we still hold our positions, analyst, are you trying to cut us off?
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I already bought at this price level a long time ago, now just see if we can break through 0.00530
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I've heard about MACD divergence too many times, and every time it doesn't follow the usual pattern
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Only 2.6% buffer space? Are we here to play heartbeat?
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MetaverseLandlord
· 01-06 09:26
It's been 70 candles already, the pace is a bit fierce, but I really think it's a bit risky with MACD momentum shrinking... A 2.6% buffer space is too tight, breaking 0.00330 means admitting defeat.
COMMON is currently quoted at 0.00339, up 8.48% from earlier, and the bullish trend continues, having consecutively run 70 four-hour K-lines. From a technical perspective, the key support level for this rally is at 0.00280, with resistance levels at 0.00530, 0.00581, and 0.00829.
The current trading strategy can follow the ladder-like support line to hold positions or look for low-entry opportunities during pullbacks to key support levels. It is crucial to pay attention to the dynamic stop-loss reference line at 0.00330. Once broken, the entire bullish trend may stall.
On the risk side, a warning bell needs to be sounded: the bullish momentum indicated by MACD has significantly diminished, suggesting possible divergence between volume and price, and the risk of a pullback from high levels is increasing. Currently, the price has only a 2.6% buffer space from the dynamic stop-loss line. In the context of increased volatility, strict risk control discipline must be enforced.