1. Shape Confirmation: - The daily level has formed a "double bottom" reversal structure (neckline at 0.0710), with a bottom depth of 0.0041 (0.0669-0.0710) - Measure the increase = Bottom depth × 1.618 = 0.0066 → Target price 3 = 0.0669 + 0.0066 = 0.0735 (actual take integer value 0.0749) 2. Trend Structure: - Weekly level breaks the descending trend line of 2024 (0.0749→0.0730 connection), price stands above MA(50) 0.0685 - RSI(14)=58 (neutral to bullish), the MACD red bars expanding indicate strengthening bullish momentum. 3. Market Sentiment: - The price quickly recouped losses after liquidation, indicating that bulls were actively absorbing selling pressure. - After the significant decrease in leverage ratio, the market selling pressure has eased. 4. Indicator Verification: - The OBV indicator has reached a new 20-day high, indicating capital inflow. - The futures open interest has stabilized and rebounded after a pullback, reflecting a restoration of market confidence.
Trading Logic:
- DCA: First buy at 0.0682 (Fibonacci support), add more at 0.0691 (MA50), average price controlled at 0.0686 - Breakthrough Confirmation: Focus on follow-up opportunities after the price stabilizes at 0.0710, with trading volume needing to expand to 1.5 times the 5-day average at the time of the breakthrough. - Risk Control: Implement a dynamic stop-loss strategy, moving the stop-loss to 0.0691 after breaking 0.0710 to protect unrealized gains.
This content is for reference only and does not constitute investment advice.
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AI Analysis: $TURTLE/USDT
Entry price: 0.0682–0.0691
Reason for Purchase:
1. Shape Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 0.0710), with a bottom depth of 0.0041 (0.0669-0.0710)
- Measure the increase = Bottom depth × 1.618 = 0.0066 → Target price 3 = 0.0669 + 0.0066 = 0.0735 (actual take integer value 0.0749)
2. Trend Structure:
- Weekly level breaks the descending trend line of 2024 (0.0749→0.0730 connection), price stands above MA(50) 0.0685
- RSI(14)=58 (neutral to bullish), the MACD red bars expanding indicate strengthening bullish momentum.
3. Market Sentiment:
- The price quickly recouped losses after liquidation, indicating that bulls were actively absorbing selling pressure.
- After the significant decrease in leverage ratio, the market selling pressure has eased.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- The futures open interest has stabilized and rebounded after a pullback, reflecting a restoration of market confidence.
Trading Logic:
- DCA: First buy at 0.0682 (Fibonacci support), add more at 0.0691 (MA50), average price controlled at 0.0686
- Breakthrough Confirmation: Focus on follow-up opportunities after the price stabilizes at 0.0710, with trading volume needing to expand to 1.5 times the 5-day average at the time of the breakthrough.
- Risk Control: Implement a dynamic stop-loss strategy, moving the stop-loss to 0.0691 after breaking 0.0710 to protect unrealized gains.
This content is for reference only and does not constitute investment advice.