✅The current daily level is still in the bullish trend channel, but the momentum shows signs of marginal attenuation, and we need to be vigilant about the staged top pattern (such as the potential double top structure)
✅From the 4-hour chart, the price is running in the rising wedge channel, the MACD top divergence signal is beginning to appear, and the RSI (64) is close to the overbought threshold, indicating that the short-term upward momentum is limited.
🔴Key support band: 2925-2930 (daily MA5/MA10 adhesion area), if it is lost, it may trigger a deep correction to the 2910-2900 area.
🟢Dynamic support: 2940 (MA5 moving average), 2933 (Asian session low); if it falls below, pay attention to the defense zone formed by 2922 (hourly lower track) and 2918 (previous low).
✅Intraday trading strategy:
--Long strategy: If the price stabilizes above 2930, you can try long with a light position in the 2935-2940 range, with a target of 2946-2950 and a stop loss below 2928.
--Short strategy: Arrange short orders after rebounding to 2950-2955 area under pressure, target 2935-2930, stop loss at 2957.
✅The market is in the shock correction stage of "breaking high and retreating". Although the trend is bullish, it is not unilaterally strong. Be alert to the liquidity shock at the end of the week (Thursday/Friday) and the risk of change caused by position adjustment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.