8.12 Afternoon Pancake Trading Strategy
Multi-Timeframe Analysis, Clear Signals
• 4-Hour Timeframe: After five consecutive bearish candles, the price has firmly established itself in the middle Bollinger Band area, without a significant breakdown. The channel is narrowing and flattening; if the middle band support remains effective, the overall strong pattern will continue.
• 1-Hour Timeframe: Although it shows a downward oscillation, it quickly rebounded after briefly piercing the lower Bollinger Band. Although there has been some retracement in the daily gains, the price remains above yesterday's low, and the short-term selling pressure has noticeably weakened.
Afternoon Strategy: Focus on buying the dips
• Entry Range: Build long positions in the 118000-118400 range
• Target Area: Look towards 119800-120000
Core support is solid, bearish energy is gradually dissipating; seize the opportunity to enter during the pullback, and follow the trend for more stability!