The large pancake is currently at 103,952, short positions can be considered.
- MA(7) and MA(25) formed a death cross near 104k, short-term trend weakens.
- Multiple tests of the 104,900 resistance level have failed, selling pressure above is evident.
- If it breaks below 103,700, add to the short position, target 103,000.
- Set stop loss above 104,200.
Recently, the market has been fluctuating and declining; short positions are more stable than long positions, so get in and out quickly without getting too attached!
