The large pancake shows a fluctuating upward trend in the short term, with overall bullish momentum being strong. However, the RSI is already in the overbought zone, and the current candlestick has formed a doji pattern, suggesting that it may enter consolidation or experience a pullback in the short term. The strong signal from MACD remains valid; if the price breaks through the resistance at 108800, it will continue to move upward. If it fails to break through, it may re-confirm the support level at 100300.
Aggressive traders can attempt to go long with a light position when it pulls back to the short-term support level of 106500, but strict stop-loss measures must be set.
Due to the RSI being in the overbought zone and the recent signs of fluctuation, one should be cautious of the pullback risk and pay attention to the breakthrough of key support and resistance levels.
The previous peak and trough at 108800 serves as an effective short-term pressure point; based on this position, one can attempt to enter a trade. On the downside, the primary focus should be on 106500 and 105000. If it breaks upward again, adjustments should be made promptly, and one should not stay too long!