0.0572 Is it a trap or an opportunity? Qi He tells you the truth behind the key level, those who understand have quietly increased their positions!
Tonight, I keep staring at the market, and two numbers keep echoing in my mind: 0.0572 and 0.0510. I know many of you are sweating and anxious, wondering if we will break through the resistance level and soar high, or fall back to the support level, even testing 0.0460?
Is 0.0572 really the "line of life and death"?
Let me make my point clear: 0.0572 is not the end but a touchstone.
Why is it a key level? Because a lot of chips that missed the chance to escape the peak are gathered here, and every time it rushes to this point, there will be a wave of people selling to cut losses. But be careful, if the price can stabilize above 0.0572 for 4 consecutive hours, the market is likely to ignite, with the next target being 0.0600, or even challenging the previous high of 0.0650.
If it can't hold, be prepared for a pullback. Remember, a drop is not the end of the world, but a chance to jump higher. If it breaks below 0.0572, I will focus on 0.0510 as the first support, which was once a densely traded area, and there will be funds to support it.
Don't get carried away by the MACD golden cross; the truth is here!
Seeing the MACD double lines crossing above the zero line, many people shout, "The bull is here!" But Qi He reminds you: a golden cross does not mean an immediate surge; it only tells us that bullish strength is recovering. Especially since the trading volume has not significantly increased yet, if the price approaches 0.0572 and the volume doesn't keep up, be wary of a "false breakout."
My opinion: Now is not the time to chase highs, but it's also not the time to be timid.
If I were you: I would place an order to buy in batches around 0.0510; this position is the lifeline of the trend, and if it breaks, wait for a rebound confirmation.
Can 0.0572 break? If the volume continues to increase, a breakout will be a real breakout; otherwise, it will just be a scheme to lure in more buyers—watch the show but don't participate.
Worst-case scenario: If it drops to 0.0460, don't panic; that might be a "surprise gift" the market is sending you. But remember, don't reach out until it hits the position; discipline is more reliable than luck!
I am Qi He from the crypto world, follow me for insights on how to seize this wave of market trends and catch the whole fish! If you don’t know how to time your trades, Qi He will provide real-time analysis in the community, giving you the best entry points.
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