Coin Circle Liying: Must-see Analysis of the Latest Market Trends on September 12 (DOGS)

Article Release Time: 2024.9.12—18:55

First, let's take a look at the analysis of the current daily K-line price trend at the large level. The current K-line pattern: the price fluctuates between 0.001276 and 0.0009703, forming a larger oscillation range. On the 9th, a long positive line appeared, breaking through the previous high point, but then retreated in the following days. The RSI14 of the daily K-line is currently at 42.17, close to the neutral zone, not entering the overbought or oversold zone, showing that the market temporarily does not have a clear direction of strength or weakness, and the EMA trend indicator shows that the price is still in the adjustment phase in the long term.

The recent price fluctuation of the four-hour K-line is between 0.001050 and 0.001100, presenting an overall oscillating downward trend. Technical indicators: MACD: The fast and slow lines of the MACD for the four-hour period are close to the zero axis, and both the DIF and DEA values are negative, indicating that the market is in a weak state, but there are signs of stabilization. EMA: In the EMA7, EMA30, and EMA120 moving average system, the current price is between EMA7 and EMA30, with EMA7 slightly turning upward, expected to form support; however, EMA30 and EMA120 still maintain a downward trend, and long-term pressure still exists.

In summary, the main funds are frequently entering and exiting, indicating a super high turnover rate, which is not suitable for novices and small retail investors. Liying suggests quick in and out, guerrilla warfare mode, and not to linger in battle.

Reference points:

Long position entry point: 0.001000, defensive point: 0.000980, stop loss: 0.000970

Short position entry point: 0.001080, defensive point: 0.001100, stop loss: 0.001110

The above analysis is based on market data and trend analysis of the order book by Liying, for reference only, and does not constitute investment advice. For the reference of family members. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying deeply feels the responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their own journey to success.

The content of the article is time-sensitive, for reference only, and at your own risk.

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