The current price range has sparse chips, indicating that the price is easy to break through, but the low-priced area below has concentrated chips, suggesting strong support around 1600. Based on the latest K-line data, although the price is above the EMA24/52 moving average, the trading volume is extremely shrinking and the market is hesitant. Chip distribution helps to accurately locate support and resistance, helping you to plan ahead and change inventory.
The combination of KDJ dead cross and MACD weakened momentum, increasing short-term downside risk, but the support of underlying chips may limit the decline. Cooperate with chip distribution indicators to seize the opportunity of long short turning points.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.
