π§ We started a strong rebound after the expected pullback, but unfortunately it did not reach the buy zone I wanted to focus on, so we had to miss this wave of rise.
β‘οΈFrom a structural point of view, we have now reached the staged resistance zone, and there is a risk of a pullback, so it is unreasonable to chase the rise. Short-term trading opportunities can be found near the two necklines, and if the long defense points are intact, we can look forward to the realization of the red target area.
Let's see π
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Trade closed: target reached
π#NEIRO hits a new high, what's next?β
π§ From a structural perspective, the ideal target area of ββthe double bottom bullish structure we built near the buy zone has been fully realized, so there is an expectation of a pullback, so be cautious in chasing the rise!
β‘οΈBut we continue to break through the historical high, which means that the space above is open, and we still have the opportunity to go higher.
β‘οΈThere are currently two expectations. The first expectation is to consolidate a new bullish structure in the red target area and continue to rise. The other expectation is to continue to rise after a pullback to the inflection point to get support
Let's seeπ
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