June 9th Contract Recommendations Brief #36
Market Status: (BTC is maintaining a sideways consolidation, mainstream coins are hovering around the mid-point RSI, and the ALT market is showing divergent trends, with some small-cap assets having independent rallies)
Top Candidates:
1. ALGOUSDT: After a 6-hour price dip to the MA20, it surged again, with MA20 providing dynamic support and active trading (24h trading volume at 85.99 million), RSI(14)=69.7 is close to the overbought zone, trend is strong but watch out for pullback risks.
2. MOVEUSDT: Strong rebound (24h +46%), RSI(14)=58 is in the neutral to strong zone, MA20 provides support below, short-term momentum is ample, and there's still room to move up.
3. FTTUSDT: Bottom reversal structure (24h +41%), RSI(14)=58.5, MA20 has crossed above forming support, price is in a breakout structure, and momentum is sustained.
Brief Selection Reasons: (ALGO/MOVE/FTT all have strong rebound structures, MOVE and FTT have moderate RSI not in overbought territory, ALGO is close to MA20 support providing a buying opportunity on dips)
Watch Levels:
- ALGO: Support 0.286, Resistance 0.559
- MOVE: Support 0.0113, Resistance 0.0198
- FTT: Support 0.223, Resistance 0.425
Trigger Conditions: (ALGO dips to 0.31 without breaking; MOVE holds above 0.015; FTT breaks above 0.35 and stabilizes)
Invalidation Conditions: (ALGO drops below 0.286; MOVE drops below 0.0113; FTT drops below 0.223)
Risk Warning: (Small-cap assets are very volatile, stop-loss must be strictly enforced, no heavy betting allowed)
One-Sentence Summary: The market has shown independent rally assets, with MOVE and FTT having the strongest momentum, and ALGO should be monitored for a second entry opportunity on a dip to MA20.