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#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Good morning
Yesterday, the market for pancakes basically fluctuated upward throughout the day, in line with the forecast made yesterday morning, reaching the expected position. Can it continue to rise today?
Currently, the market is in the rebound phase of a downward trend on the daily level. After a continuous decline, the market rebounded for a day yesterday. There is not enough time and space for this rebound, but since there has been one rebound already, pay attention to the strength of the pullback during the day today. If the pullback is strong, it could complete another new low near 110,000 on the daily chart before starting a rebound again. Of course, the pullback should not break below the 112,000 range for a second rebound to occur, and it should reach around 115,400 before moving down again. Therefore, it is not advisable to position too early for a second upward rebound after the pullback.
After yesterday's upward movement in the short term, there will be a pullback today. You can participate appropriately; the main focus is on the strength of the downward movement. Once the level of 112000 is broken, it will complete the last downward probe of this wave. A rebound can only begin when it reaches around 110000.