The daily line shows a long bullish candle with a short upper shadow, with trading volume only two-fifths of the previous day, indicating volume is somewhat lacking.
The daily MA30 line maintains an upward trend, and the MACD shows an increase in upward momentum above the zero axis.
The daily level trend still remains strong, so the price will continue to rise. It is important to note that the previous high is around 210, which is less than 7% increase from the current price of around 198, making it easy to form an upward spike followed by a pullback at the previous high.
A more conservative approach is to take profits on long positions near the previous high, waiting for a pullback after a breakout before entering again.
Daily level resistance is at 210-220-250, and support is at 186-179.7-163-153.5.
From the hourly level, the current trend is a rebound on the 30-minute chart, showing a top divergence pattern.
In the short term, you can short at 200, and go long at 191 and 186.2.
From the three-day liquidation heat map view,
As the price rises, there are still some large short positions waiting to be liquidated in the 198-204 area.
As the price declines, there are some long positions waiting to be liquidated in the 194-186 area, and a large number of significant long positions waiting to be liquidated in the 185.8-176.6 area.
