On the 4-hour chart, after the price surged to 3221, it has now entered a downward consolidation phase. Technical indicators show the MACD green bars shrinking and forming a bearish divergence, while the KDJ and RSI indicators have turned downward. It is highly likely that a correction is needed before attempting another upward push.
Personal suggestion, for reference only (strictly set stop-loss) Erbing can be positioned around 3180-3120, with targets at 3100-3080.
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1.5 Weeks Monday Noon Erbing Silk Road
On the 4-hour chart, after the price surged to 3221, it has now entered a downward consolidation phase. Technical indicators show the MACD green bars shrinking and forming a bearish divergence, while the KDJ and RSI indicators have turned downward. It is highly likely that a correction is needed before attempting another upward push.
Personal suggestion, for reference only (strictly set stop-loss)
Erbing can be positioned around 3180-3120, with targets at 3100-3080.