Last night, the pancake surged so much,
Did anyone buy the dip??
Although it directly dropped to around 94500 last night, unfortunately, the momentum was insufficient, and it couldn't stabilize at the resistance level, sideways movement didn't build up strength, and the early session turned downward.
From the daily chart, it’s very clear that there's a lot of pressure when it hits the upper band. Without new capital pushing it, it will just be a brief flash in the pan.
Recently, I actually suggest everyone not to operate in a confused manner; whether going long or short, you must keep a close eye on key support and resistance levels, and don't impulsively chase trades.
The four-hour chart is even clearer, after the surge it formed a small double top with the previous high, followed by two bearish candles, indicating that it still needs to probe downward in the short term. Therefore, even if there’s a small rebound during the day, it’s a good opportunity to short.
Simply put, the overall situation is still weak, and for specific strategies and detailed support levels, you can come to the chat room to find me and refer to my suggestions
