7.24 Linmu evening Huang thoughts


Market snapshot: The evening move validated the dip-buying and rebound logic. After price fell to 4022.05, it found support and rebounded strongly. Current price has now reclaimed the 4045 level. The bearish trend mentioned earlier at noon has been broken. As long as price can hold above 4045, bullish sentiment dominates in the short term. If the night session can further break through today’s strength/weakness benchmark at 4077.00, upside space will open. Otherwise, if it stalls and pulls back, be cautious about a renewed test and confirmation.
Key overhead resistance to watch: 4077 and 4113. Key support below: first 4045 and 4022.
Plan: After a pullback into the 4044–4050 zone and stabilizing, look for low-entry long opportunities. The first target is 4063. If that level can be broken strongly, subsequent upside could extend toward 4077 and even 4113.
On the other hand, if the rebound reaches the 4077 area and meets resistance, adjust the plan—after a pullback confirmation, look for downside near 4045. #直通IPO第二期JerseyMikes $XAUT
XAUT-1.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
StickerCat
· 07-24 14:04
As long as it holds above 4045, there’s still a chance. Bulls can continue to hold.
View OriginalReply0
MantleMiner
· 07-24 12:41
This dip-buying rebound tonight confirmed the logic, but 4077 is the key watershed level. If it breaks out, look higher; if it gets rejected, it’s safer to wait for a pullback around 4045 before going long.
View OriginalReply0
  • Pinned