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3.25 Wednesday Morning Big Pancake Latest Thinking, Short Intraday
After yesterday's annoying oscillating trend received a response from US stock opening, the short side declined all the way, dropping to around 688 at the lowest point in the early morning. Yesterday's bearish call was verified once again, all persistence was not in vain.
Currently, Big Pancake has rebounded above 70,000 again. In the short term, both long and short lack continued momentum, instead moving within a range. So no matter how bullish or bearish the outlook, if the range is not broken, it will continue. Current short-term resistance is at 715 area, support at 890 area. Before effective breakout of this range during the day, both long and short can participate.
In the morning, Big Pancake can be referenced at 710, 715 nearby for batch shorting, targeting 695-685 area below. If it doesn't continue downward, go long directly.