IO trend analysis:
Observing the 1-hour K-line, the price rose yesterday and then fell rapidly, forming an obvious engulfing pattern. The Yin line engulfed the previous Yang line, resulting in a decline of 16%.
The price has now fallen to a small support level near 2.3. The key now is to try to break through and stand firm at the level of 2.33. If successful, a reversal signal may appear, that is, an upward trend.
However, there are multiple resistance levels above, and the main pressure level is around 2.5. Despite this, the potential for an increase is still relatively large.
