4.22 Thoughts on Concubine
MACD Momentum Signal 4 Hours: Fast and slow lines are merging, histogram is shrinking, short-term momentum is exhausted, if a death cross forms, it may accelerate the pullback.
Daily MACD: The golden cross slope is slowing, price and indicator show a top divergence, if it falls below 1560, it may trigger a death cross.
RSI and Volume 4 Hours: 45 (Neutral Zone), not overbought or oversold, but the rebound with shrinking volume shows insufficient bullish confidence.
Volume: Increased volume when rising to 1585, current price is fluctuating with shrinking volume, bearish momentum is dominant.
K-Line Pattern Short-Term Structure: Price rose from 1574 to 1585 and then fell back, forming a 'false breakout' pattern, if it cannot hold above 1600, it may trigger technical selling.
Support Level: 1530 Resistance Level: 1590
Suggested Operations
Bull: Enter when the price stabilizes at 1600 Target: 1650
Bear: Enter when the price falls below 1550 Target: 1500
