Tuesday Morning “Big Pie” Jingyi’s Strategy

Yesterday, “Big Pie” saw a round of strong upside breakout. On Sunday, it was already clearly set to be bullish in advance. In the early morning, it cashed out 1800 points, and in the evening, it cashed out 1300 points. “Auntie” cashed out 79 points in the early morning and 62 points in the evening. Currently, the MACD bullish momentum is starting to turn and contract, which belongs to the short-term profit-taking and pullback phase after a big rally. The short-term bullish trend has not been completely broken, but clear pressure is building at higher levels. How should longs and shorts position themselves?

From the 4-hour chart, the overall bullish trend remains intact: the lows keep rising. However, the bullish momentum is weakening, and there is heavier sell pressure above. The main approach is to look for a pullback to buy on weakness. At high levels, consider keeping a light position to test a short for a short-term pullback.

Short-term first resistance: 672, 682
Short-term support: 658, 637

Trading Suggestions
If “Big Pie” pulls back and stabilizes in the 658-650 range, then consider adding longs. The target is 665-672. If the rebound meets resistance in the 670-672 area, you can take a light short position. The short-term target is around 658. #我的Gate交易时刻