5.10 Lunchtime Auntie Market 🍜 Poetry Perspective

Reviewing recent trends, Auntie touched a high of 2422.52, then experienced a rapid pullback, dropping to a low of 2263.43, followed by a consolidation and recovery phase. Currently trading around 2328, it is in a technical rebound cycle after a decline.

From the 4-hour structure, although the price has stabilized and rebounded, the key resistance above has not been effectively broken through, and overall it remains in a consolidation and buildup state, without forming a clear unilateral reversal signal.

The first resistance level is in the 2335-2340 range, which was a platform consolidation area during the previous decline, and is also the direct obstacle facing the current price; if volume increases and it stabilizes above this range, the rebound space is expected to open up to the second resistance level of 2360-2370.

The first support level is in the 2310-2315 range, near the starting point of this rebound, and is also the key dividing line in the current short-term bulls and bears battle; if a pullback does not break below this, the momentum will remain relatively strong; once it is effectively broken, the rebound structure will be damaged, and secondary downside risk should be watched.

Auntie’s suggestion: For the support zone at 2310-2315, if a pullback does not break, consider lightly testing, with stop-loss set below 2300, targeting the 2335-2340 range; if volume breaks through and stabilizes, follow the trend to the upside, aiming for 2360-2370.