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The three lines correspond to prices 127, 125, 124.
The bearish volume has increased on the 4-hour level, indicating a potential downtrend.
Short selling volume is beginning to strengthen in the 1-hour timeframe, which may indicate a downtrend.
Moving Average: The 4-hour chart shows a death cross between ma5 and ma10, with the K-line positioned below the short-term moving averages ma5 and ma10.
In the 1-hour chart, the death cross of ma5 and ma10 is showing a downtrend, and the K-line is located below the short-term moving averages ma5 and ma10.
MACD
MACD indicator
The 4-hour chart is above the 0 axis, and the bearish momentum is strengthening.
1 hour is located below the 0 axis, bear volume is increasing.
RSI indicator
The 4-hour RSI indicator is currently in the normal trading range, with the dual lines descending corresponding to the range of 28 and 20.
The 1-hour RSI indicator is currently in the normal trading range with the double lines rising corresponding to the range of 27 and 20.
Conclusion: The market is falling.
Resistance levels: 125, 127, 129
Support levels; 123, 121, 118
Shorting Strategy: Around 127 for initial position
First take profit: 125 Second take profit: 123
Long strategy: Build position near 123
First take profit: 126 Second take profit: 128