K-line pattern: The recent K-line shows an obvious upward trend, especially on October 7th and 8th, when the price quickly rose from a low of 1.8397 to 2.0716.
The recent high has created a short-term resistance level near 2.1679, while the previous swing low provides support near 1.8352.
Technical indicators: MACD: Both DIF and DEA are currently positive, and the MACD histogram continues to enlarge, indicating that the market is in a strong bullish state.
RSI: RSI14 is currently at 67.8389, which is close to the overbought zone, but has not yet entered the extreme overbought zone, suggesting that there is still room for upside.
EMA: EMA7 (2.0026) has crossed EMA30 (1.8535) and EMA120 (1.6375), showing a typical bullish arrangement, supporting continued bullishness.
Trading volume: Between 20:00 on October 7 and 08:00 on October 8, the trading volume increased significantly, reaching 295725886. Along with the rapid rise in price, it showed that funds were actively entering the market.
Operation idea:
Recommended entry point for long orders: long near 2--1.95 (reason: close to the EMA7 support level, buying orders may form near the integer mark)
Stop loss: around 1.92 (reason: below the buying point two to avoid falling below the important early support area)
Suggested entry point for short orders: short around 2.15--2.2 (reason: close to the recent high of 2.1679, may encounter selling pressure)
Stop loss: around 2.23 (reason: above selling point 2 to prevent further rise after breakthrough)
Open orders are interval-based, and specific operations need to be slightly adjusted based on the real-time market! #非农人数大幅升温 #9月小非农数据高于预期
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.