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Silk Road on August 10
The concubine is soaring straight up, and as the tide rises, the daily K chart is being suppressed at the middle track above. The MACD histogram is continuously shrinking and is almost out of volume, while the KDJ and RSI are turning upwards.
A large bullish candle on the four-hour chart took off from the middle band support, briefly breaking through the upper band resistance, and is currently back below the upper band. A strong bullish trend, not afraid of heights, not trying to catch the top, with the intraday strategy focusing on retracement to lower levels.
Operation Suggestions:
The pancake is hovering in the range of 116500-117500, looking towards around 119000-19500. If it breaks out, look for 120000.
The second pancake returns to 4150-41000, looking towards the 4250-4350 area, a breakout sees 4450.
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