7.24 Pancake (CAKE) analysis

Analysis: If there’s a rebound, do a short-position trade around 1890-1910; defend 1930, and watch 1850-1800.

In the medium to long term, the moving averages continue to move downward, and the bearish trend structure is clear. Rebound highs keep stepping lower; each time there’s only a minor rebound, it is unable to break through the moving-average suppression. This is a weak corrective recovery within a downtrend. Bearish sell pressure keeps being released, continuously updating the session lows; recently it dipped to the 1858 area. Even if there’s a short-term rebound, the moving-average zone above will form strong resistance. The main trading idea is to prioritize aligning with the trend and set up short positions first, waiting for the rebound to touch the resistance range before entering. On the downside, focus on the prior low at 1858; if it breaks, the downside room will expand further. #英特尔Q2营收创15年最快增速 $ETH ‌ ‌