11.25 Monday afternoon big pancake market analysis!
Volatile correction, both long and short have opportunities, it just depends on whether you want to get on board!
The market has started to become more volatile, so everyone should not just take one side, but participate flexibly, both long and short can run short lines. The long position given in the morning for the pullback also achieved good results, with the big pancake gaining more than 1200 points, and Ethereum also gaining more than 60 points. Now, the timing for entering the market is still good.
Overnight, the big pancake dropped to a low of 95800 and then rebounded to around 98400. For those running short lines, indeed, there are opportunities for both long and short to profit. Last week, it surged to a high of 99600, just a hair away from the much-anticipated 100000. The upward movement was so strong that a pullback is very normal, there is no need to doubt anything. If this is said to mean the bull has left, it is too hasty! As long as it does not break below 95000, there will be no major pullback, and the bulls remain stable as an old dog!
To put it simply, without analyzing the candlestick chart in detail, the market is full of it, just directly tell everyone how to operate at which positions! For the big pancake, you can set up shorts at 98500 and 99500 above, and for the short line targets below, look at 97500, 96500, and 95500, do not be greedy, take profits and reduce positions in time.
For long positions, wait at 96500 and 95500 below, with targets looking up at 98000, 99000, and 100000. Last week’s increase was too strong, indicators are severely overbought, and need time to correct, so the market will lean towards volatility. Everyone should run short lines, don’t be too ambitious!
For Auntie, the upper short reference points are 3420 and 3470, with targets below at 3300 and 3260.
If you want to go long, wait at 3300 and 3260, with targets looking up at 3400 and 3500. The market is volatile, and both long and short have opportunities to enter. Run short lines, prepare for shorts at resistance levels, and set up longs at support levels, control positions, and strictly manage stop losses, do not hold onto positions!