7.28 Two-coin pancake market outlook
The momentum for the “double-headed” move to surge higher continues to weaken and eventually exhausts, while the downward trend of the “candle-head” gradually becomes established. Overall operations should mainly focus on selling rallies toward the higher “candle-head” area.
After the market pushed to a high at 1982, it met heavy pressure and fell sharply. The chart then repeatedly closed with full bearish candles, indicating that the upward attack momentum of the “double-headed” has been completely used up. A clear “pressure-and-fall” structure has formed at the high level. Price has been moving downward continuously along the upper Bollinger Band, and it has now effectively broken below the Bollinger middle band. The previous uptrend has ended, and the market has officially switched to a downward channel.
After the spike, the “double-headed” failed to generate enough strength to make a new high, and selling pressure has continued to release. Even if there is a small rebound in the short term, it is only a technical correction during the ongoing decline and is unlikely to once again challenge the previous peak. Meanwhile, the “big pancake” is also weakening in sync. The two major coins form a synchronized downside move on the chart, further suppressing the rebound potential for the “two-coin pancake.”
“Candle-head” plan: On the rebound at 1890–1900, buy in batches. Place orders for 1930, with support levels at 1850 and 1800 below.
“Double-headed” short-term plan: Wait for price to stabilize around the 1840 area, then test a small position with “double-headed.” #币
The momentum for the “double-headed” move to surge higher continues to weaken and eventually exhausts, while the downward trend of the “candle-head” gradually becomes established. Overall operations should mainly focus on selling rallies toward the higher “candle-head” area.
After the market pushed to a high at 1982, it met heavy pressure and fell sharply. The chart then repeatedly closed with full bearish candles, indicating that the upward attack momentum of the “double-headed” has been completely used up. A clear “pressure-and-fall” structure has formed at the high level. Price has been moving downward continuously along the upper Bollinger Band, and it has now effectively broken below the Bollinger middle band. The previous uptrend has ended, and the market has officially switched to a downward channel.
After the spike, the “double-headed” failed to generate enough strength to make a new high, and selling pressure has continued to release. Even if there is a small rebound in the short term, it is only a technical correction during the ongoing decline and is unlikely to once again challenge the previous peak. Meanwhile, the “big pancake” is also weakening in sync. The two major coins form a synchronized downside move on the chart, further suppressing the rebound potential for the “two-coin pancake.”
“Candle-head” plan: On the rebound at 1890–1900, buy in batches. Place orders for 1930, with support levels at 1850 and 1800 below.
“Double-headed” short-term plan: Wait for price to stabilize around the 1840 area, then test a small position with “double-headed.” #币