Post

Hxlaw
Hxlaw
$JELLYJELLY • Potential purchase area (Entry): • Order 1 (Buy spread/Ploring): Consider buying partially around the current price of 0.05500 - 0.05600 if the 1h candle closes firmly on the short-term MA lines (MA5, MA10). • Order 2 (Buyoptimal): Wait for the technical adjustment rhythm (retest) to the support area that has just formed around 0.05300 - 0.05400 (near MA20). • Take Profit Target (Take Profit): • TP1: 0.05850 (Resistance zone of MA60). • TP2: 0.06000 - 0.06170 (Old peak in the past 24 hours and the round psychological area). • Stop Loss (Stop Loss): Close the position if the price breaks the nearest old bottom at 0.05100. Note: The trading volume (Volume) at the nearest bullish candle is quite good, indicating that there is a demand force to catch the bottom. However, the overall trend on the major MAs is still sloping down, so small volume and strict risk management should be prioritized.

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more

Replies

No comments yet. Be the first to reply!