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5.9 Double Bottom Public Thinking
Market Analysis
Currently, the double bottom is showing short-term slight strength, with prices steadily rising along the upper band of the Bollinger Bands, mainly pulling back to buy low, cautious about chasing the high.
15-minute Bollinger Bands are opening upward, with prices continuously staying above the middle band, indicating ongoing bullish momentum and stable rebound rhythm.
Key Levels
Resistance: 2320-2325
Support: 2310-2305
Strong Support: Near 2295
Trading Suggestions:
If the price stabilizes around 2315 after a pullback, consider entering long positions.
🚀 First target: 2325-2327
🚀 Second target: 2330
If the price keeps pulling back to near 2295, consider switching to short positions accordingly.
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