8.22 Early Morning Analysis of Initial Thoughts
In the early hours yesterday, the large pie dipped to a low of 111900 before rebounding, and in the morning it reached a high of around 112700 but faced resistance!
From a technical perspective, the Bollinger Bands on the 1-hour chart are opening downwards, indicating a downward channel. The key level of 113000 has formed strong resistance, with multiple rebounds failing to break through effectively, indicating that bearish forces are dominant.
Trading Suggestions
Large Pie: Short at 113000-113500, target 110500-111500
Auntie: Short at 4300-4350, target 4100-4200
