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Double Coin Analysis
Double Coin surged to 3307.43 before continuing to decline. The 1-hour chart shows a clear bearish trend: the MA7 moving average has turned downward and is pressing down on the price, while the MA30 moving average, although currently acting as support, is losing upward momentum. The price has tested the 3260 resistance level multiple times without success, and the low point of 3181.28 has refreshed recent lows, indicating increasing bearish selling pressure. Currently, the price is consolidating weakly around the 3250-3260 range. The indicator in the attached chart has not shown any effective rebound signals, and the short-term trend is likely to continue downward.
Trading suggestion: Short positions can be arranged in the 3280-3310 range, with targets at 3150-3100.