The pancake weekly review long-term layout is coming, are you ready to get on board?
This week reached a maximum of around 94800, followed by a pullback to around 89000, currently running near 90000, indicating limited rebound strength.
Looking at the weekly chart, it is currently operating at the lower Bollinger Band, with continuous volume below the zero axis, and the lows are gradually decreasing, showing a bearish trend. Despite the rebound, it only provides us with opportunities to enter short positions.
You can short near 90800, add to the position at 91800, set the stop loss at 92500, and initially target 85000, with a breakdown directly targeting 80000.
