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6.8 Pancake Afternoon Thoughts


After undergoing a deep adjustment, the market is currently in a stage of consolidation. The recent "double bullish" rebound indicates that the bulls are attempting to launch a counterattack, but whether the key resistance level above can be effectively broken will be crucial in determining the future market trend. If the breakout is unsuccessful, it is expected that both bulls and bears will continue to engage in fierce competition near the shadow of the daily candlestick.
Although the overnight market had a spike, it ultimately fell back and closed in the red, indicating that a one-sided trend has not yet been established. On the four-hour cycle, the price shows a pattern of gradually rising lows, indicating some upward momentum, but the resistance above remains significant, and the price has not yet achieved an effective breakthrough.
In terms of operation, it is recommended to continue maintaining a trading strategy based on range fluctuations, with a focus on short-term short-selling opportunities after a rebound to key resistance levels.
Personal suggestion:
Big pancake: short at 1058-1060, target 1045-1040
Auntie: Short at 2530-2550, target 2450
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XiaoxiaoOnlyLooksAtTvip
· 06-08 13:27
Just go for it💪
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Ryakpandavip
· 06-08 08:38
Steadfast HODL💎
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Amelia1231vip
· 06-08 06:38
Hold on tight, we're taking off to da moon 🛫Hold on tight, we're taking off to da moon 🛫
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