The pancake night market is in turmoil! Fighting at the 90,000 mark, the signal for the long-short showdown has been lit.
The pancake has been truly exhausting these past few days! The hourly chart is stuck in a triangular oscillation, bouncing back and forth, unable to go up or down, driving people to the brink of baldness. Market sentiment is highly cautious, both bulls and bears are testing the waters, and no one dares to take the lead. This kind of hesitation could rank in the top three of the year.
The current situation is very delicate: is the W-bottom buying signal about to trigger, or is the M-top pullback warning about to explode? The answer depends entirely on two points! If we want to go for the W-bottom, we must break through the 91,350 resistance level and stabilize there; if we break through the 89,500 neckline, the M-top will form, and the downtrend will continue directly. Stuck in the middle, back and forth losses, beginners can't hold on, and even veterans are sweating.
Commander goes straight to the hard-hitting strategy:
① If we break through 90,500 and stabilize, then chase the long position on the right side, first look at 91,350, and only rush to 92,300 if it stabilizes;
② If we break through 89,800, go short directly, targeting 88,900-87,700, and stop loss tightly, don't be greedy;
③ If the levels are not broken, just honestly buy low and sell high in the range, don't hold on stubbornly.
The more the market grinds, the more explosive it will be later! Just wait for the breakout to feast or pick up bargains when it breaks down; reckless operations are just asking for trouble.
Are you standing with the W-bottom or the M-top? See you in the comments, follow the commander and wait for the market to explode 🚀
