Recently, the large pancake has experienced increased volatility, testing key positions up and down. Although the daily line closed positively, the body is not large, and the upper and lower shadows are long, indicating that the bulls and bears are still in a tug-of-war, with no clear winner.
Short-term (4 hours):
• The Bollinger Bands are slightly opening, with strong pressure on the upper band; every time it touches, it falls, making it a good shorting position.
• The hourly line has a relatively deep pullback; although it can recover, the overall center of gravity is weak.
Operation suggestions:
• Entry range: 119000 - 119800 for shorting
• Target: 117500
• Stop-loss: 120500
