Big Cake Morning Analysis
The strategy I shared with everyone yesterday would have definitely made 2000 points if it included take profit and stop loss. The lowest was 94300 and our stop loss position was 94200; it didn't even touch that. The highest was around 97300, and I set the take profit at 97000, which is perfectly in the middle, allowing us to capture a perfect 2000 points on Big Cake. Friends driven by greed and fear probably didn't make as much.
This morning, the overall market trend is downward, and Big Cake is currently fluctuating between 9.5-9.6, with not much amplitude. If you are trading, I suggest waiting a bit. If it rises to around 9.65w, you can set up to short and see if it drops to 9.5w. The upper resistance level is at 96350. If it can't rise above that and comes down, then we look at the position around 9.45w for a potential long. The lower support level is at 94300 (currently at 95800), which is also stagnant, so we can only wait for a better entry. Trading at the current price for long or short doesn't yield high profits and carries significant risk. I will send out today's Big Cake strategy and entry positions later tonight.