Dahui Midday Analysis $币安人生
1. The moving average system clearly indicates a bearish outlook
• The short-term moving averages MA7 (0.1038) and MA25 (0.1047), as well as the long-term moving average MA99 (0.1040), are all operating below the price, forming a bearish arrangement.
• This indicates that both short-term and medium-term traders in the current market are in a state of loss, with significant selling pressure above and insufficient rebound momentum.
2. Price trend shows weak correction
• After the price peaked at 0.1128, it has continued to decline and has now broken below all short-term moving average supports.
• This trend indicates that the bullish momentum is waning, and the bearish forces are dominating the market.
3. Trading volume releases selling pressure signals
• Recently, as the price has fallen, trading volume has increased.
• This is usually a sign of profit-taking and stop-loss orders being triggered, further confirming the current downtrend.
Dahui Risk Warning:
• This is a Meme Coin, and the price is greatly influenced by sentiment and news, reducing the effectiveness of technical analysis.
• Be sure to set stop-loss orders to prevent significant rebounds caused by sudden good news or capital inflows.
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