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5.9 Morning Auntie Trading 🍜 Poetry Viewpoint: High position with weakness, look for shorting on rallies!
Previously started from the low point of 2218.83 upward, reaching a high of 2422.52, then quickly retreated, currently trading around 2304.26. Overall, it is in a weak correction phase after a high-level consolidation, with a weaker trend than Bitcoin, and short-term rebound strength is limited. The green bars persist, and the bearish momentum has not been fully released; there is still downward pressure in the short term.
Resistance above: 2330-2350 range, strong resistance at 2422
Support below: 2270-2250 range, strong support at 2220
Auntie’s suggestion: Short around 2325-2345, stop loss above 2370, target near 2270-2250, if broken, look at around 2220.
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