$1000CAT/USDT

Current Price: 0.0091
Target Price:

- TP1: 0.00950 (Fibonacci 38.2% extension level)
- TP2: 0.01000 (Neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 0.01100 (Fibonacci 261.8% extension level)
Stop loss price: below 0.00850

Reason for Purchase:

1. Shape Confirmation:
- The daily chart has formed a "rising triangle" breakout pattern (lasting 15 trading days), with the neck line at 0.00950.
- Measure of increase = height of triangle × 1.618 = 0.0005 → Target price 2 = 0.00900 + 0.0005 = 0.00950 (rounded up to 0.01000)
2. Trend Structure:
- Weekly level breaks the descending trend line (connecting the Q3 2024 high points), price stands above MA(50) 0.00880
- The short-term trend is upward, and the Bollinger Bands' middle line has moved up to 0.00895
3. Breakthrough Potential:
- After breaking 0.00950, open up 0.01100+ upward space (Fibonacci 261.8% extension)
- If a valid breakout occurs, it may trigger liquidation of 2.0x leverage contracts.
4. Indicator Verification:
- RSI(14)=65 (neutral to bullish), MACD red bars expand, double line golden cross.
- The OBV indicator has reached a new 15-day high, indicating capital inflow.
- The trading volume must exceed 1.8 times the daily average at the time of the breakout.

Key technical features:

- Morphological parameters:
- Length of the base of the triangle: 15 trading days (daily chart)
- Neckline position: 0.00950 (connecting the upper edge of the triangle)
- Fibonacci Extension:
- 0.00950 = (0.00850 → 0.00900 increase) × 0.382 + 0.00900
- 0.01000 = (0.00850 → 0.00900 increase) × 1.618 + 0.00900
- 0.01100 = (0.00850 → 0.00900 increase) × 2.618 + 0.00900
- Wave structure:
- Wave 3 major uptrend: 0.00850→0.01100 (target price 3)
- Currently in the 3rd wave, 3rd sub-wave (0.00900→0.01100)

Market Outlook:

- $1000CAT shows a stable bullish momentum, with buyers defending the key support area. A break above 0.00950 will confirm the upward trend, targeting 0.01000 and beyond.
- Be cautious:
- If it breaks below the support of 0.00850, it may drop to 0.00800 (Fibonacci 78.6% extension level)
- Futures open interest surged by 30% in 24 hours, funding rate +0.035% (bullish dominance)

This content is for reference only and should not be considered as investment advice.