The daily line is a large bullish candle with a short upper shadow and an amplitude exceeding 16%, and the trading volume is twice that of the previous day, indicating a volume-driven increase.
The daily MA30 line is still in a downward trend, and the MACD shows a weakening downward momentum below the zero axis.
As we predicted yesterday, the price has just rebounded to the ascending trend line and is facing pressure to drop back.
Next, it will follow a normal downward retracement trend, with no drastic declines, and the retracement position will be in the 10500-9900 range.
The phase bottom pattern has been confirmed, and the retracement is for better upward movement. We have always said that RATS' main trading strategy is quite direct; the retracement is a great opportunity for you to get on board.
Daily level resistance at 12080-13600-15180-17500, support at 10500-9900-8750
