Second Pancake Short-term Morning Analysis

Entry: Buy on pullback around 1795
Target Range: Target (1) 1830–1840 (First take profit and reduce position)
Target (2) 1850–1870 (Break above previous high, remaining position for potential gains)
Stop: 1780
II. Market Logic Interpretation
Trend Structure: The market trend dips to 1711 low point, then turns upward, with momentum at the low end exhausted; short-term trend shifts from weak to strong; during the pullback, the price relies on short-term moving averages for support, with continuous buying support below, and the initial low has no capacity to break below the previous low again.
Support and Sub-Force: There is slight resistance at 1848 due to minor selling pressure, but it’s unlikely to reverse the short-term bullish pattern; technical indicators’ bullish signals are gradually strengthening, and the short-term bullish momentum dominates the market.
Trading Strategy: Prioritize buying on pullbacks at support levels within the day, aiming to capitalize on a low rebound and upward trend.
III. Market Risk Reminder
This rebound is only a phase of recovery after a sharp decline; the medium to long-term macro cycle still carries the risk of a pullback. Short-term traders must strictly set stop-losses to prevent further pressure and decline, avoiding losses from a renewed downturn.
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