Analysis of the midday pancake market on March 8
Recent prices are still consolidating at a relatively low level, with an overall weak trend. In the short term, after a period of decline, prices are oscillating at a low level, and currently, the market's short position strength has a slight advantage. K-line analysis shows that recent price declines have broken through previous support levels, and currently, prices are still operating within a descending channel, indicating that they may still face pressure in the short term. The BOLL indicator also shows that current prices are operating at the lower band, with market volatility decreasing, presenting a weak consolidation state.
Note ⚠️ Additionally, the indicator has repeatedly shown buy signals, suggesting that there may be a rebound in the short term or at least a slowdown in downward pressure. There is a demand for short-term rebounds, exercise caution when shorting, and be flexible after the rebound.
The current pressure points are at 87400/88650 above, and due to recent large fluctuations, adopting a flexible operational strategy is recommended. For those sensitive to risk identification, consider lightly positioning at key pressure points and gradually increasing positions after clear signs of suppression. Risk control is the primary task; trade cautiously to prevent losses from false breakouts.
It is suggested to short around 87200/600, cautiously short at 88300/800, and look for 86000/85000
