Analysis of the Afternoon Strategy for Secondary Cake
Yesterday, the primary market fluctuated several times, testing 4800 without success, and trading was light. In the evening, it broke through the 4800 line and began seeking resistance, reaching a historic high of 4957. After the new high, it plummeted sharply along with the primary cake, closing the daily line with a long upper shadow bullish candlestick.
Currently, the trading volume has decreased, and buyers' willingness to buy is not strong, relying only on support to maintain price stability. Overall trading activity has declined, with fluctuations around 4740 in the last few hours, alternating between small bearish and bullish candles, indicating a low-level consolidation after the decline.
Daily support is in the range of 4676-4576, with upper resistance at 4797 and 4935.
Secondary Cake Recommendation: Buy at 4676-4695, target 4780-4800
