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5.8 Xin Xin Big Pie Morning Analysis
The morning rally of Big Pie surged to 80026, then pulled back. This is normal shaking after breaking through a key resistance, not a trend reversal. The price steadily holds above 79500, and the previous low at 79531 forms strong support. This classic “breakout - pullback - confirmation” move is precisely the healthy upward rhythm of a bull market. After clearing out the floating supply, sell pressure will be smaller, and the push-up momentum will be stronger
Currently, the KDJ indicator has pulled back from high levels, just enough to digest the short-term overbought pressure and make room for the next rise. In a clear bull trend, this kind of adjustment is not a “top” signal; it’s building energy before the main upswing. As long as the price does not fall below the key support level, the large-scale bull trend will not change. This current pullback is the golden window for those who missed the chance to get in.
Operation suggestions:
Lay out Big Pie around 79500-79400 to enter a bullish position, with the first target at 80600-80800, and the second target at 81500-82000. Keep an eye on developments and control position size.
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