Transaction views and reasons
1. Go long in the short term
Strategy: When the price falls back to the 0305-0.032 USDT area, observe the formation of a bottom pattern signal and try to go long. The target level is 0.0342 USDT and 0.0365 USDT, and the stop loss is set below 0.03 USDT.
Reason:
The pending order data shows that there is a bullish defensive intention in this area.
The analysis of the Chan theory shows that the adjustment is nearing its end, and there may be a short-term rebound after retracting important support areas.
The historical trend shows that this area is the starting point of the previous rise and has strong support significance.
2. Short-term
Strategy: If there is pressure after rebounding to 0.03420 USDT, observe the formation of a top pattern and try to short. The target level is 0.03200 USDT, and the stop loss is set above 0.03500 USDT.
Reason:
The current market as a whole is in a weak position, and the downward trend has not yet been completed.
-0.03420 USDT is a short-term dynamic pressure position, and the downward trend of the moving average system is suppressing the price.
II. Specific market analysis
1. The trend has not changed, and the bears have the upper hand
From the daily chart perspective, DBR experienced a sharp rise and peaked around December 20th before falling back. Currently, it has entered the adjustment phase.
The high point of 0.05713 USDT confirms the end of the main uptrend, and the adjustment trend has been running for more than two weeks.
The moving average system shows a bearish arrangement: MA5, MA10, and MA20 are all diverging downward, reflecting the current market is dominated by bears.
From the perspective of Chan Theory:
The first adjustment (sharp decline): from the high point of 0.05713 USDT to 0.03400 USDT, bearish dominance.
The second rebound (weak rebound): the price fluctuates in the range of 0.03400-0.04200 USDT, but the rebound is weak.
The third adjustment (continuous decline): The current price has fallen below the previous low point and is approaching the key support of 0.03200 USDT.
Overall, the adjustment is not over yet. In the short term, it may continue to test the support below, but we need to be cautious of the bullish counterattack after retracing the key areas.
2. Short-term trend analysis: support gradually approaches, volatility intensifies
In the 4-hour cycle, the recent performance of the price is:
Continuous decline: Since December 30th, the price has been declining along the MA20 and is currently below the MA5, reflecting short-term weakness.
Volume shrinkage: Volume gradually decreases, indicating that the downward momentum is gradually weakening.
Key areas:
Support level:
-0.0320 USDT: Psychological barrier, also the position where the buy orders are piled up in the current order (depth shows large buy orders).
-0.0305 USDT: Previous low point, also the starting point of the upward trend in early December.
Pressure level:
-0.0342 USDT: MA20 moving average position, also the high point that the recent rebound failed to break through.
-0.0365 USDT: The upper edge of the previous oscillation range is the watershed between bulls and bears.
3. Pending Orders and Deep Data Analysis: Market is bearish, bulls try to defend
- Sell order build-up: 034-0.0345 USDT area has large sell orders, forming a short-term pressure zone, indicating that the bulls need to break through this area to further rebound.
Buy order accumulation: There is a large buy order support in the 0.03200-0.03250 USDT area, indicating that the market has a strong defensive intention towards this area.
4. Chán Lùn Trading Rhythm: Looking for opportunities to buy low and sell high
Low suction rhythm:
Observe the 0.03050-0.03200 USDT area. If a bottom pattern signal is formed (such as a lift DNU bullish candlestick + MACD golden cross), try to layout a rebound.
High throwing rhythm:
If the price rebounds to near 0.03420 USDT and comes under pressure, observe the formation of a top pattern and layout short positions.
III. Conclusion and Outlook
DBR is currently in an adjustment trend, and the market sentiment is weak. In the short term, attention should be paid to the support strength of 0305-0.032 USDT. If it stabilizes, you can try to buy low and buy long, with a target of 0.03420 USDT. If the rebound is weak, there is a greater possibility of falling below the support in the future, and risk control measures need to be taken.