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April 2nd, Double Pancake Strategy Announcement
The Double Pancake chart is clear at a glance: 2150 holds the double moving averages, indicating a bullish trend, but the momentum has already bottomed out.
The resistance at 2167 is a strong top; both attempts to break through were repelled, chasing higher is just inviting losses. The support at 2140 is the baseline; with the double moving averages providing support, a pullback is an opportunity.
In terms of trading: buy on a pullback to 2140, targeting 2165-2200, and hold onto this bullish trend;
For those looking to short, wait for a rebound to 2160-2165 and face resistance before entering, otherwise, treat it as a buy on pullback.
In a trending market, don’t go against the trend. Making money with certainty is the key to long-term survival.