5.11 Double Coin Public Thinking


Market Analysis
Currently, Double Coin is falling back from around 2340 after a high, with short-term bullish momentum weakening. The overall strategy is to primarily look for high rebounds to short, with dips to buy on the low.

From the 15-minute timeframe, the Bollinger Band upper band surged to 2381.88 before flattening, and the price broke below the middle band, continuing to decline. The signal of resistance at high levels is clear, and the short-term bearish rhythm is emerging.
The midline of the larger Bollinger Band cycle remains around 2358. The price has now fallen below the midline, indicating the short-term trend has shifted from strong to weak, increasing the risk of further decline. Caution is needed to prevent further downward movement.

Key Levels
Resistance: 2355-2360
Strong Resistance: 2375-2380
Support: 2335-2330
Strong Support: 2315-2310

Trading Suggestions
If the rebound stalls around 2345, consider following the downward trend:
🚀 First target: 2330-2325
🚀 Second target: 2315-2310
If the price tests 2310 but fails to stabilize and rebound, and volume increases with a break below 2305, continue to follow the short position; otherwise, if it stabilizes, consider buying low to play the rebound.
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