🚀🚀🚀5.13 Afternoon Market Analysis
Yesterday, I already reminded all fans that 2620 is the third resistance level on the monthly chart. According to my technical trading strategy, there should be a pullback. Before going to bed last night, I also reminded everyone not to chase the price upwards.
Now let's look at the bearish market trend for today. First, the first support is near the current price, with the lowest being 2400. However, around 2430, we are already close to the first support on both the weekly and daily charts. If there is a rapid decline, the next support point will be at 2350.
Brother K suggests that those who want to short should not chase the price down at the support level. If you must be aggressive, you can consider going long with a small position near the support level.
Throughout the day, Brother K will also keep a close eye on market dynamics. If there is an opportunity, he will make a move. Those who want to follow Brother K's trading ideas can 🐷✌️call.
