Thursday Midday Pancake/Auntie Jingyi’s Perspective
Even though the Ferrari is old, it is still a Ferrari. Earlier, Pancake/Auntie was a bit disappointing, but suddenly it really surged and delivered a stunning performance! A 4-hour long bullish candle violently pushed higher; after reaching 704, it pulled back in the short term and consolidated. The MACD shows a large expansion of bullish bars, and the KDJ has entered a high-range zone. Near-term bullish momentum is very strong, but it is clearly overbought, so there is a need for a pullback to digest.
Auntie is closely following Pancake’s strong breakout—its rise is even stronger. After hitting the peak of 2336, it faced selling pressure and dropped back. MACD bullish bars expanded with increased volume, and KDJ is at high levels. Its elasticity is stronger than BTC as well, and it is also in a short-term overbought state.
Pancake resistance above: 704, 725. Support below: 680, 668.
Auntie resistance above: 2336, 2290. Support below: 2180, 2220.
Trading Suggestions
For Pancake: when it pulls back near 685–679, go long; look for a swing toward 698–704, and potentially 725.
For Auntie: when it pulls back near 2220–2180, go long; target 2270, 2338.
The priority is to buy dips at lower levels; avoid chasing at high prices. If the rebound meets resistance, you may try a short-term short to bet on a pullback, and remember to control position sizing.
Even though the Ferrari is old, it is still a Ferrari. Earlier, Pancake/Auntie was a bit disappointing, but suddenly it really surged and delivered a stunning performance! A 4-hour long bullish candle violently pushed higher; after reaching 704, it pulled back in the short term and consolidated. The MACD shows a large expansion of bullish bars, and the KDJ has entered a high-range zone. Near-term bullish momentum is very strong, but it is clearly overbought, so there is a need for a pullback to digest.
Auntie is closely following Pancake’s strong breakout—its rise is even stronger. After hitting the peak of 2336, it faced selling pressure and dropped back. MACD bullish bars expanded with increased volume, and KDJ is at high levels. Its elasticity is stronger than BTC as well, and it is also in a short-term overbought state.
Pancake resistance above: 704, 725. Support below: 680, 668.
Auntie resistance above: 2336, 2290. Support below: 2180, 2220.
Trading Suggestions
For Pancake: when it pulls back near 685–679, go long; look for a swing toward 698–704, and potentially 725.
For Auntie: when it pulls back near 2220–2180, go long; target 2270, 2338.
The priority is to buy dips at lower levels; avoid chasing at high prices. If the rebound meets resistance, you may try a short-term short to bet on a pullback, and remember to control position sizing.