The large pancake is descending as expected. Currently around 104000, we have a short position from 105700 giving us a direct 1700-point space. Be careful to reduce positions to protect profits; at the same time, the average price of the short position added at 105700 is also at 105200, providing another 1200 points!
The trend is undoubtedly bearish, and the large bearish candle on the 4-hour chart is hard to reverse. We continue to look for one more wave of continuation during the early morning. By Saturday and the weekend, we will likely see some fluctuations. If we do not break below 103500 in the early morning, any short positions held can be cashed in, and we can wait for the weekend to update our strategy before executing short trades again!
Our target below remains unchanged at 103000 before the daily close!
