8.27 Morning Big Pie:
The price has strongly broken through the middle and upper bands of the Bollinger Bands, forming a clear trend reversal signal after six consecutive bullish candles. We can see that the upper and middle bands of the Bollinger Bands have shifted from being resistance levels to support levels for the bulls, marking a short-term trend reversal.
The price is currently running above the upper band of the Bollinger Bands and has not yet retraced, demonstrating sufficient bullish momentum. Although the trading volume has not completely followed up yet, the core logic of breaking through key resistance has been established. If it stabilizes on the middle band after a pullback, it is expected to further open up upward space relying on the middle band, with a clear bullish pattern in the short term.
Around 111000~110600 bullish, target to watch is 113000