$BANK BANK this rally has already been overextended. After a series of rapid pushes higher in a short time, the price has reached a high level, and the risk of chasing long positions is growing.

Now sell pressure overhead is clear. Many low-entry lots are already in profit, and capital may choose to lock in gains at any time. Once volume can’t keep up, it’s easy to see a pullback from the high level. Next, we’re more inclined to see a phase of consolidation and adjustment.

Trading approach: don’t chase at the high. Any bounce is an opportunity for the shorts. Watch for a short setup around the resistance area, and wait for a pullback to relieve the risk.

Of course, short-term market conditions change fast. If you short, carry a proper stop-loss and don’t blindly take a heavy position. #GUSD年化升至3.8% #美光涨超12% #月之暗面传以500亿美元估值Pre-IPO