$C98/USDT

Current Price: 0.067
Target Price:

- TP1: 0.0690 (Fibonacci 38.2% extension level)
- TP2: 0.0710 (Neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 0.0735 (Fibonacci 261.8% extension level)
Stop loss price: below 0.0645

Reason for Purchase:

1. Shape Confirmation:
- The daily chart has formed a "double bottom" breakout pattern (lasting 15 trading days), with the neckline at 0.0690.
- Measure of increase = Bottom depth × 1.618 = 0.007 → Target price 2 = 0.0620 + 0.007 = 0.0690 (rounded up to 0.0710)
2. Trend Structure:
- Weekly level breakout of the descending trendline (connecting the Q3 2024 highs), price above MA(50) 0.0650
- Short-term trend is upward, the middle band of the Bollinger Bands has moved up to 0.0670
3. Breakthrough Potential:
- After breaking 0.0690, open up 0.0735+ upward space (Fibonacci 261.8% extension level)
- If an effective breakout occurs, it may trigger the liquidation of 2.0x leveraged contracts.
4. Indicator Verification:
- RSI(14)=65 (neutral to bullish), MACD red bars widening, dual line golden cross
- The OBV indicator has reached a 15-day high, indicating capital inflow.
- Trading volume must exceed 2.5 times the daily average volume at the time of the breakout.

Key technical features:

- Morphological parameters:
- Double bottom spacing: 15 trading days (daily chart)
- Neckline: 0.0690 (connecting the double bottom high points)
- Fibonacci Extension:
- 0.0690 = (0.0620 → 0.0675 increase) × 0.382 + 0.0675
- 0.0710=(0.0620→0.0675 increase)×1.618+0.0675
- 0.0735 = (0.0620 → 0.0675 increase) × 2.618 + 0.0675
- Wave Structure:
- Wave 3 main uptrend: 0.0620→0.0735 (target price 3)
- Currently in the 3rd wave of the 3rd sub-wave (0.0675→0.0735)

Market Outlook:

- The current price is consolidating in the range of 0.0665–0.0675, indicating bullish control. A突破 of 0.0690 will confirm a new round of upward movement.
- Be cautious:
- If it breaks below the support of 0.0645, it may drop to 0.0600 (Fibonacci 78.6% extension level)
- Futures open interest surged by 35% in 24 hours, funding rate +0.035% (bullish dominance)

Risk warning:

- The cryptocurrency market is highly volatile, and it is recommended to strictly implement stop-loss measures.
- The short-term increase has reached 12%, and there may be profit-taking pressure.

This content is for reference only and does not constitute investment advice.