The big pancake mentioned the left side opening long at 112 a few days ago, and now it has rebounded to around 115 in the past two days. However, currently, this rebound is on low volume and very weak.
It does not meet the sustainability for subsequent rebounds, so we can wait for a continued second test for a pullback before going long. 112 is a short-term support but does not fit the left-side order method anymore; this position can only be right-sided. If it is a left-side order, then it can only be at 11 integer or 1105.
Another point is that I look for a continued second test pullback, but that does not mean that this position can go short on the big pancake. If the big pancake cannot drop and consolidates sideways, then there is a high probability of directly breaking through the resistance level of 1157 with increased volume. At that time, it would also be possible to directly chase long or wait for a pullback to confirm the support-resistance switch before finding a good time to go long. #BTC
It does not meet the sustainability for subsequent rebounds, so we can wait for a continued second test for a pullback before going long. 112 is a short-term support but does not fit the left-side order method anymore; this position can only be right-sided. If it is a left-side order, then it can only be at 11 integer or 1105.
Another point is that I look for a continued second test pullback, but that does not mean that this position can go short on the big pancake. If the big pancake cannot drop and consolidates sideways, then there is a high probability of directly breaking through the resistance level of 1157 with increased volume. At that time, it would also be possible to directly chase long or wait for a pullback to confirm the support-resistance switch before finding a good time to go long. #BTC
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