Friday Big Cake and Second Cake Daytime Silk Road
The big cake rose from around 110500 to 111700 in the morning and then fell back, indicating strong resistance above, and further pullbacks are expected. Currently, the overall trend is declining, and the bearish trend is strengthening.
From the four-hour level, the market is at the middle band of the Bollinger Bands, which is both the starting point for the morning's rise and the resistance point for the decline, so future layouts can revolve around this.
Operation suggestion:
Big cake near 109500 can be bought, target 112500, long-term target 113500.
The resistance zone for the second cake is around 4370,
Short positions can be made in this zone, with a target of 4200.
Support and resistance levels are blocked, real-time reminders from Shipan!
