#Gate广场五月交易分享 5.9日 Market Update: the index breaks through the daily chart range—where can we chase a long?

Over these past two days, the index has been the strongest. Today, looking at the daily chart, it’s basically about breaking through the daily range box that has been consolidating since February. As for whether it’s a real breakout or a false one, we’ll need to see whether the daily closes over the next two days can hold above the 100.5 resistance.
For a 1-hour chase-long, consider watching this trend line—90.7 and 89.5 are both key support levels to watch.
The index’s outlook looks a bit brighter: once it breaks away from this long-term oscillating range box, can we also expect the 110 and 117 levels? We’ll wait and see..