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Tuesday Morning Trading Outlook
The recent market has shown a slow overall uptrend. Although bulls maintain an advantage, the pace of the rally is not strong, with pullbacks accompanying each push higher. Overall, it remains a range-bound pattern with opportunities for both long and short positions.
The daily chart has unusually shown 7 consecutive bullish candles, and this morning even surged near 76000, breaking through previous resistance levels. Currently, the pullback momentum is relatively weak.
Operationally, pay attention to the breakthrough situation around 76000 early in the session. With resistance nearby, consider shorting on contact, targeting around 74000.
If the decline doesn't extend lower after the pullback, then consider taking long positions at lower levels.
Daily rhythm: short first, then long, primarily range trading.
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