Double Pancake Analysis

Double Pancake, on a 1-hour timeframe, surged then pulled back. After touching the high of 2463, it has continued to decline. It is currently stabilizing around 2408. The Bollinger Bands are narrowing, flattening, and the middle band at 2418 forms short-term resistance; the three lines of the KDJ indicator are turning after being at low levels, suggesting weak rebound momentum in the short term, but overall it remains biased toward downward oscillation.

Weekend market characteristics: trading is light, volatility is narrowing, and major funds are strongly in a wait-and-see mood. It’s difficult to see a one-sided major trend; instead, the market repeatedly oscillates and clears positions within a range, easily luring both longs and shorts. After a big market move, the market enters a repair period, with bullish and bearish sentiment cooling down. Prices return to being led by technicals; the profit-taking after the earlier explosive rally is gradually winding down. The pullback mainly focuses on building strength, making it hard to quickly break through the previous highs.

Trading suggestion: in the 2430-2460 range, with a target of 2350-2300.

On the road of trading, both gains and losses are part of cultivation. Hold your rhythm steady, plan rationally—only then can you go far with stability ~ Double Pancake Analysis

Double Pancake, on a 1-hour timeframe, surged then pulled back. After touching the high of 2463, it has continued to decline. It is currently stabilizing around 2408. The Bollinger Bands are narrowing, flattening, and the middle band at 2418 forms short-term resistance; the three lines of the KDJ indicator are turning after being at low levels, suggesting weak rebound momentum in the short term, but overall it remains biased toward downward oscillation.

Weekend market characteristics: trading is light, volatility is narrowing, and major funds are strongly in a wait-and-see mood. It’s difficult to see a one-sided major trend; instead, the market repeatedly oscillates and clears positions within a range, easily luring both longs and shorts. After a big market move, the market enters a repair period, with bullish and bearish sentiment cooling down. Prices return to being led by technicals; the profit-taking after the earlier explosive rally is gradually winding down. The pullback mainly focuses on building strength, making it hard to quickly break through the previous highs.

Trading suggestion: in the 2430-2460 range, with a target of 2350-2300.

On the road of trading, both gains and losses are part of cultivation. Hold your rhythm steady, plan rationally—only then can you go far with stability ~ #Gate13周年现场直击