On the technical front, the daily chart has suddenly produced a large bullish candlestick, indicating that the short-term upward trend is already very clear.
The weekly chart is also approaching the mid-term resistance level; although there was a slight pullback after the surge, the extent is not large and falls within a normal range.
Currently, the daily K-line is steadily above the moving average system, and the moving averages are gradually narrowing and moving upwards. The MACD's red bars are getting longer, and both the DIF and DEA have crossed above the zero line. The K-line has directly pierced through the upper boundary, and these signals indicate that the bulls are increasing their positions.
Switching to the 4-hour chart, consecutive large bullish candlesticks are strung together like candied hawthorns, and the key resistance level has been easily broken through.
Although there is a slight pullback now, market enthusiasm remains, and it feels like there is still room to rise.
So in terms of operation, don't hesitate; just follow the trend and continue to increase your positions. Joining the bullish trend now is definitely the right choice.
However, keep an eye on the pullback extent and don't be too greedy.
