From EPIC's candlestick chart, after forming a temporary high near $1.9447, EPIC began to pull back. The current price has dropped to $1.7592, falling below MA(30) = $1.8183 in the short term, indicating strengthened bearish momentum and a downward trend.
Yesterday's market showed: Price was repeatedly blocked in the $1.800 - $1.820 area, forming a double top structure, and the current pullback is consistent with the technical pattern.
Increased trading volume, bears are aggressively selling, and market sentiment is bearish in the short term.
The price is under pressure near the upper band ($1.8826), having fallen below the middle band ($1.8279), indicating a weakening short-term trend.
Main Technical Indicator Analysis: Bollinger Bands (BOLL):
Upper Band (UB): $1.8826
Middle Band: $1.8279
Lower Band (LB): $1.7731
Price has fallen below the middle band, and the short-term trend is bearish. If it cannot hold above $1.7700, it will further test the support below.
Open Position (Short): 1.770 - $1.780 range
First Take Profit Level (Short-term Target): 1.720 - $1.730
Second Take Profit Level: 1.650 - $1.680
Stop Loss Level (Risk Control): 1.800
