August 29 OKB Trading Strategy

Currently, OKB is in a clear range-bound oscillation, with prices approaching the critical support level around 165.45. However, trading volume continues to shrink, leading to a divergence between price and volume, indicating a significant lack of market momentum and the potential for further pullback risk in the short term.

Recently, a 'bearish engulfing' pattern has formed on the technical front, reinforcing a weak oscillation pattern, and caution should be exercised regarding the possibility of a downward breakout.

Trading Suggestion:

Consider placing short positions near 167 ± 1, with targets flexibly managed, and ensure strict risk control.