The pancake has broken the upper edge of the ascending triangle and has refreshed its high point again, currently in a strong rebound state. In the overbought range, it is recommended to take profits on part of the position, and wait for a pullback to re-enter the market to accumulate gains and avoid chasing highs!
Resistance levels reference:
First resistance level: 104500
Second resistance level: 106700
Support levels reference:
First support level: 104500
Second support level: 103400
Today's suggestion:
If the 104K~105K range stabilizes, it may form a consolidation box, increasing the probability of a rebound. If there is a pullback, pay attention to the 20/60/120-day moving averages for staggered entries. Avoid chasing highs, and set up again after a pullback stabilizes. The market tends to see profit-selling at high levels, so be sure to patiently wait for pullback opportunities!
12.16 wave segment pre-setup:
Long entry reference: 103400-103800 range, light position long, target: 105500-106700