📈 Current Trend Analysis
Daily Level:
MA60 and MA144 are both in a bullish arrangement, the long-term trend remains upward;
However, currently there have been three consecutive days forming upper shadow + bearish candlestick combinations, indicating clear resistance at high levels;
MACD death cross is forming, red bars are shortening, momentum is weakening;
Today’s decline has increased volume, exceeding 8K in transaction volume, marking the highest recently, indicating concentrated capital outflow behavior.
1-Hour Chart Level:
A large bearish candlestick has directly broken through the previous high platform and MA60 support;
There is almost no effective support below, and bearish momentum is very strong;
MACD has quickly broken down, green bars are lengthening, and the decline is very obvious;
Current price is near a strong support area around 103000, but there are no obvious signs of a stop in decline.
🎯 Precise Trading Strategy
✅ Bearish Strategy (Recommended)
Entry Price: If it rebounds to the 104500 - 105000 range and fails to break through, a short position can be taken.
Stop Loss Level: 105700 (breakthrough structure + moving average band)
First Take Profit Level: 102800
Second Take Profit Level: 101500
⛔️ Bullish Strategy (Cautious Observation)
Prerequisite: Need to see a stop in decline signal in the 102500~103000 range, and a volume Pin Bar or engulfing bullish candlestick must appear.
Otherwise, it is not recommended to chase rebounds currently, as it may continue to plunge and trigger stop losses.