9/17 Early morning updates on Big Cake and Second Cake:
On the daily level, the wave retracement pattern has been broken, and the previous rise and fall point has formed an effective break. The downward channel has thus reversed. The current price has broken through the middle track resistance, resulting in a large bullish candle, and there is still some space before reaching the upper pressure level, indicating that the momentum is gathering and ready to launch.
The 4-hour level trend is similar, with the price retracing after hitting the high, using the middle track as resistance and expanding bullish volume. In the short term, it has shown an upward channel trend, and the middle track is gradually moving up. Combined with the daytime trend, when the price retraces, we can continue to position for the big orders.
Operation Suggestions:
Big Cake 115000 - 115500 range for big orders Target 117500
Second Cake 4450 - 4480 range for big orders Target 4550
