The large pancake has formed a potential small double bottom structure at the 2-hour level. If it stands above the 108400 position, the double bottom structure will be confirmed. I will open a small short position and look for a target near 109600.
Moreover, looking at the 2-hour Vegas channel, the large pancake followed it last time, so opening a long position near this area is worth the gamble. You can enter on the left side now, and if it stabilizes on the right side above 108400, enter with a stop loss at 107400.
Additionally, looking at the range trading volume, the highest chips are around 107500, so it is likely to stop falling here.
