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April 9th
The following are the two strategies for the next two strategies for “big cake” as follows
Red plan 1, Green plan 2. Personally, I’m more inclined toward plan 1’s trend.
First, yesterday it surged to the 72K resistance entity, but it did not stand above it; it doesn’t count as a breakout—after the pullback, it comes back to the yellow support area around 69400. Consider going long up to the middle band overlapping the 72K level horizontal resistance; then consider shorting. Unless the price directly breaks above the 72K resistance entity and stays above it, then I would consider following plan 2. While it remains below the purple level, keep the view of plan 1; if it goes up, keep the view of plan 2.