On the 4-hour chart, Erbing's rapid surge this time perfectly reached the target level, which is also in line with expectations. From the current market situation, the upward momentum is clearly insufficient, and a pullback to fill the lower gap may be needed. You can consider taking a short-term position lightly.
Personal suggestion, for reference only (strictly set stop-loss) Erbing can be shorted around 3040-3080, with a target of 2980-2950
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12.29 Monday midday Erbing Silk Road
On the 4-hour chart, Erbing's rapid surge this time perfectly reached the target level, which is also in line with expectations. From the current market situation, the upward momentum is clearly insufficient, and a pullback to fill the lower gap may be needed. You can consider taking a short-term position lightly.
Personal suggestion, for reference only (strictly set stop-loss)
Erbing can be shorted around 3040-3080, with a target of 2980-2950