May 9th Big Pancake Midday Silk Road
The big pancake had a surge in the morning, reaching a maximum of 104000.
From the daily chart perspective, the MACD bullish momentum continues, and the RSI is above overbought.
From the hourly chart perspective, the MACD bearish momentum continues, and the RSI is in the overbought zone. A technical correction is very likely next, maintaining a high position opening strategy.
Entry Strategy
Open position on a pullback at 103500, target around 102000, defend at 104000.
