#fllow for instractionTechnical Analysis (in English)
1. Current Trend The chart shows a prior downtrend (price was falling), then entered a consolidation / sideways phase. There are multiple moving averages (MA10, MA60, MA120, MA250) indicating different trend speeds. The fact that shorter MAs are below the longer ones suggests a still-bearish or at least weak trend.
2. Key Levels (Support & Resistance) Resistance Zones (Upside): ~ 87,150, ~ 88,035, 89,600, up to 91,800 / 92,228. These are potential target or reversal zones on a bounce. Support Zones (Downside): ~ 82,845, ~ 80,350, and even down to ~ 74,450. These are the areas marked for “bottom exploration.”
3. Double-Bottom / “Second Bottom” (W-Pattern) Setup The red hand-drawn path indicates the trader expects a second test of the bottom (“二探底” = second bottom). This is essentially a double-bottom pattern — a classic bullish reversal pattern. In technical analysis, a double bottom forms when price makes two roughly equal lows, showing strong support at that level. For a valid double-bottom, typically volume declines on the second bottom (showing sellers are weakening) and then increases when price breaks out above the “neckline” (middle high). Confirmation often comes when the price “breaks above the neckline” (the high point between the two troughs).
4. Volume Considerations The text “pay attention to right-side volume expansion (放量拉升)” means the trader is watching for increased volume on the right side (when price is rising) — this would confirm a real breakout. If the breakout (price rising) is not accompanied by strong volume, the breakout may lack conviction. Low-volume breakouts are more likely to fail. Also, volume is very important: big price moves with high volume are more significant than similar moves with low volume.
5. Risk Scenarios The chart notes: “If there’s a high-volume break downward, don’t go long.” In other words, if price breaks below the support with strong volume, that undermines the bullish double-bottom thesis. This is consistent with technical analysis: if support fails decisively, the bullish reversal setup fails.
6. Projected Path / Targets The trader’s red arrow shows a model: first, decline → second bottom → then a likely sustained rise (“ladder-like” up structure) → aiming toward 88,035 (first major target) and possibly higher. The path suggests a step-by-step move: after the second bottom, price would make higher lows and higher highs (i.e., trend reversal).
7. Timeframe Note The mention of “5min level” and “15min level” suggests the analysis is being done on short intraday timeframes, meaning this is probably a trade plan (or at least a swing plan), not long-term investing.
Interpretation & Trading Implication (What the Analyst Might Do) The analyst is bullish in the medium term (after the second bottom), but cautious: they’re not looking to just “buy here” without confirmation. They want to see volume confirmation on the upward move (“right-side volume expansion”) before fully trusting the reversal. They have a clear entry/invalidity zone: if the support breaks with volume, they would avoid going long. Their target is around 88,000+ (or specifically ~ 88,035), assuming the pattern plays out.
Strengths & Risks of This Setup Strengths: Uses a well-known reversal pattern (double bottom) — gives a logical structure. Relies on volume, which adds weight to potential breakout. Has explicit risk rules (“don’t long” if support breaks strongly).
Risks: Double-bottoms can fail, especially on short timeframes. Breakouts might occur without strong volume → false breakout risk. Given short timeframes, noise and volatility could disrupt the pattern.
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#fllow for instractionTechnical Analysis (in English)
1. Current Trend
The chart shows a prior downtrend (price was falling), then entered a consolidation / sideways phase.
There are multiple moving averages (MA10, MA60, MA120, MA250) indicating different trend speeds. The fact that shorter MAs are below the longer ones suggests a still-bearish or at least weak trend.
2. Key Levels (Support & Resistance)
Resistance Zones (Upside): ~ 87,150, ~ 88,035, 89,600, up to 91,800 / 92,228. These are potential target or reversal zones on a bounce.
Support Zones (Downside): ~ 82,845, ~ 80,350, and even down to ~ 74,450. These are the areas marked for “bottom exploration.”
3. Double-Bottom / “Second Bottom” (W-Pattern) Setup
The red hand-drawn path indicates the trader expects a second test of the bottom (“二探底” = second bottom).
This is essentially a double-bottom pattern — a classic bullish reversal pattern. In technical analysis, a double bottom forms when price makes two roughly equal lows, showing strong support at that level.
For a valid double-bottom, typically volume declines on the second bottom (showing sellers are weakening) and then increases when price breaks out above the “neckline” (middle high).
Confirmation often comes when the price “breaks above the neckline” (the high point between the two troughs).
4. Volume Considerations
The text “pay attention to right-side volume expansion (放量拉升)” means the trader is watching for increased volume on the right side (when price is rising) — this would confirm a real breakout.
If the breakout (price rising) is not accompanied by strong volume, the breakout may lack conviction. Low-volume breakouts are more likely to fail.
Also, volume is very important: big price moves with high volume are more significant than similar moves with low volume.
5. Risk Scenarios
The chart notes: “If there’s a high-volume break downward, don’t go long.” In other words, if price breaks below the support with strong volume, that undermines the bullish double-bottom thesis.
This is consistent with technical analysis: if support fails decisively, the bullish reversal setup fails.
6. Projected Path / Targets
The trader’s red arrow shows a model: first, decline → second bottom → then a likely sustained rise (“ladder-like” up structure) → aiming toward 88,035 (first major target) and possibly higher.
The path suggests a step-by-step move: after the second bottom, price would make higher lows and higher highs (i.e., trend reversal).
7. Timeframe Note
The mention of “5min level” and “15min level” suggests the analysis is being done on short intraday timeframes, meaning this is probably a trade plan (or at least a swing plan), not long-term investing.
Interpretation & Trading Implication (What the Analyst Might Do)
The analyst is bullish in the medium term (after the second bottom), but cautious: they’re not looking to just “buy here” without confirmation.
They want to see volume confirmation on the upward move (“right-side volume expansion”) before fully trusting the reversal.
They have a clear entry/invalidity zone: if the support breaks with volume, they would avoid going long.
Their target is around 88,000+ (or specifically ~ 88,035), assuming the pattern plays out.
Strengths & Risks of This Setup
Strengths:
Uses a well-known reversal pattern (double bottom) — gives a logical structure.
Relies on volume, which adds weight to potential breakout.
Has explicit risk rules (“don’t long” if support breaks strongly).
Risks:
Double-bottoms can fail, especially on short timeframes.
Breakouts might occur without strong volume → false breakout risk.
Given short timeframes, noise and volatility could disrupt the pattern.