Silk Road on May 7
Yesterday, the Silk Road was perfectly validated, with the price briefly rising to 97,700 near 93,500.
After 97,700, the large pancake experienced a short-term pullback, currently at 96,680.
On the daily chart, it is in an upward trend, but the RSI is close to 70, and the MACD bullish volume momentum is weakening, with the two lines converging in a death cross trend.
Entry into Silk Road:
Enter at around 96,000, target 97,000. Stop loss at 95,500.
