The market price trend of large pancakes is stable today, continuing to fluctuate within a narrow range at a low level. It is noteworthy that the key support level has not been effectively broken, showing strong resistance to downward movement.
Currently, the market has entered a stage of stopping the decline, and the bottom structure is gradually being built. In the short term, the possibility of a market rebound is increasing.
From the 15-minute candlestick chart, the price shows a continuous upward trend, reflecting that the bullish forces in the market are gradually accumulating, providing support for the potential rebound that may follow. Therefore, in the early morning period, it is still advisable to consider buying on dips.
It is recommended to enter long positions in the range of 109300-109800, with a target towards 113000.
