At 8:31:25 this morning, I said I would wait for volume to push above 83400 before chasing. But just now it surged to 83439, then dropped back to 82800.
I knew this level wouldn’t be easy to break. Look at the 4-hour chart: between 83400 and 84000, so many people are trapped. Every time it reaches this area, some rush to exit their positions, and the selling pressure immediately comes out.
Also, volume didn’t pick up today. That upper shadow just now had much less volume compared to yesterday. Breakouts without volume are just fake moves.
My thinking is still the same as yesterday:
If it really holds above 83500, I’ll follow. Right now at 82800, chasing higher isn’t worth it.
Below, I’m watching 82200 first; if it pulls back but doesn’t break that, I’ll buy in again.
If it falls straight below 82000, then this rebound is over again.
I knew this level wouldn’t be easy to break. Look at the 4-hour chart: between 83400 and 84000, so many people are trapped. Every time it reaches this area, some rush to exit their positions, and the selling pressure immediately comes out.
Also, volume didn’t pick up today. That upper shadow just now had much less volume compared to yesterday. Breakouts without volume are just fake moves.
My thinking is still the same as yesterday:
If it really holds above 83500, I’ll follow. Right now at 82800, chasing higher isn’t worth it.
Below, I’m watching 82200 first; if it pulls back but doesn’t break that, I’ll buy in again.
If it falls straight below 82000, then this rebound is over again.