The big pancake has once again reached a new high, peaking around 107700!
Yesterday's familiar short squeeze rhythm surged, pulling back after hitting a high and then elevating again; our long position entered around 104100 has also accurately reached.
Returning to today's trend, there was a midnight surge followed by a pullback, but the pullback strength is not strong, so it can only be regarded as a correction for the bulls. The key question is whether a wave of decline can continue. Before a continuous decline or a series of bearish candles appears, we cannot easily define it as a trend reversal.
Currently, the key on the board is whether the support around 105700 will be broken. If it unexpectedly breaks down, it will increase the downward space; if it does not break, it is expected to find support again and continue upward. Today, we still look for a pullback first, and we can be bullish based on that area.
The big pancake's pullback is around 106000, with a target of 108000-110000.
Regardless of how the market fluctuates, be sure to set stop losses to avoid being trapped.
Recently, I plan to ambush a potential coin that is ready to explode; doubling is quite simple. I am also preparing to find some potential coins to hold until the end of the year, with an expected space of over 10 times being no problem. If you want to follow along, watch my bamboo leaves, leave a message, follow, and like.
