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The price of SSV has recently seen a significant increase, attracting widespread attention in the market. The current trading price is close to 10.22 USDT, reaching the upper Bollinger Band, while the RSI indicator exceeds 70. These technical indicators suggest that there may be a pullback pressure in the short term.
From the perspective of market depth, the cumulative sell orders are approximately 7269 USDT, indicating significant selling pressure. The open interest in the futures market has decreased by 55% within 24 hours, but the funding rate remains positive, reflecting that bullish strength may be weakening.
For traders, the current market has characteristics of both opportunities and risks. If the price falls back to the range of 9.8-10.0 USDT, consider building a long position at a low level, with a stop-loss set below 9.7 USDT. The upward target can focus on the high volume areas near 10.7 and 11.0 USDT, with an expected risk-reward ratio of about 2.1.
If SSV can break through the resistance level of 10.7 USDT with increasing trading volume, it may indicate a stronger upward momentum. In this case, one might consider entering the market at a higher price, but it is essential to set a stop-loss cautiously around 10.4 USDT. However, investors should also be wary of the risks posed by changes in macro market sentiment or significant spot selling pressure.
From the value range perspective, 9.98 USDT is an important price anchor point, with a cumulative trading volume of 1.48 million USDT, and a buy ratio of 59%. The ranges of 9.98-10.13 and 10.25-10.35 USDT are the main high-volume trading zones, which have strong support. Meanwhile, the range of 9.7-9.8 USDT has a gap and may become an important support level in the future.
Overall, SSV is currently at the upper end of the 70% trading range and may face overbought risks in the short term. Investors should fully consider market structure, changes in trading volume, and potential risks when formulating trading strategies, flexibly adjusting positions and take-profit and stop-loss levels.