5.29 Morning Thoughts
The K-line in the recent hourly level shows a fluctuating trend. The current price has fallen below the closing price of the previous bullish candle but is near the recent price center.
On the daily level, a small bearish candle with a long lower shadow was formed yesterday, indicating that there is some support around 107-108.
The RSI indicator shows that the current price is out of the overbought and oversold range, indicating a state of consolidation.
Operational Strategy: Go long at 1065-1075, target 109-115
Personal advice, for reference only.