Big news, brothers! The price is about to make a 'last-ditch反击' (desperate comeback), and these resistance and support levels hide the secret to big profits!
Resistance Zone: The first resistance is the EMA(30) moving average at $3116; the second resistance is the Bollinger Band upper band at $3125, forming a strong resistance zone around $3120. There's also a psychological barrier at $3150 - $3160.
Support Zone: Immediate support levels are the Bollinger Band middle band at $3099.75 and EMA(7) at $3095.70; the strong support zone is the Bollinger Band lower band at $3074.45. A break below could test $3050, or even $3000.
Price Action: The candlestick found support near the Bollinger Band middle band, stopped falling, closed with a bullish candle, selling pressure has been absorbed, and the bulls are fighting back.
MACD Indicator: The green bars are shortening, and the two lines are flattening or turning upward below the zero line, showing a potential initial bearish divergence, suggesting that downward momentum may be weakening.
RSI Indicator: Currently in the neutral zone around 50, the decline represents a healthy correction, with ample room for an upward rebound, and no overheating pressure.
Volume Structure: During the pullback, red bars dominate but without abnormal massive volume—selling is moderate and orderly, favorable for share turnover and accumulation.
So I went long directly at $3089. Brothers interested in take-profit and stop-loss levels, come chat and witness together. #CryptoMarketObservation