7.15 Morning Analysis of the Secondary Cake Market
This morning focuses on the trend of the secondary cake. Last night, the price fell from around 3083, reaching a low of 2962.87, maintaining a weak overall trend.
From a technical perspective, the daily chart shows a downward fluctuation, with the moving average system in a bearish arrangement. The hourly chart's Bollinger Bands are opening downwards, indicating a clear signal for a pullback adjustment. Key attention should be paid to the support range of 2960 - 2990 below. If it can hold effectively, there may be a chance for a rebound; the upper pressure level to watch is 3030 - 3050, a breakthrough here could relieve the downward pressure.
A rebound to the 3020 - 3040 range could be an opportunity to try short positions, with a 30-point stop loss (above 3050), targeting 2960 - 2980; if the support breaks, it could continue to go down.
If the price falls to the 2950 - 2970 range and stabilizes, consider entering long positions with a light position, with a 30-point stop loss (below 2940), targeting 3020 - 3040, and monitor the situation of pressure level breakthroughs to decide whether to increase the position.