Brothers, let's have a meeting! How does the big pie look now? You'll know the direction after reading this!
From the current 1-hour cycle, the big pie has indeed formed a high trading volume support zone around 116600, which indicates that the buying pressure in this area is quite strong, but there is currently a contradiction in the market.
The trading volume has shrunk to its recent lowest level, and the wait-and-see sentiment is strong. This kind of volume contraction and sideways movement often implies that a directional choice is approaching, and the probability of the price retracing to the market average cost line is increasing.
Feng Ge believes that short-term risks are accumulating. The KDJ has already entered the overbought zone, and the three lines have started to converge, which usually indicates increased pressure for a pullback. More worrisome is the double top structure of the MACD histogram.
In terms of operations, Feng Ge's strategy is relatively conservative: if the 116600 support zone can withstand the pullback pressure and shows a volume reversal, there may still be a short-term rebound. However, if it drops with volume, caution is advised.
Some are getting liquidated, some are trembling; if you’re always uncertain, the team's winning streak continues. If you want to know the Shen Dan strategy and learn the methods, brothers can follow Feng Ge's lead.
