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November 10th, Monday, Jingwen, Pancake Analysis
The large pancake rose by 3.75% within the day, with a net inflow of 423 million USD, positions exceeding 9.14 billion USD, and a transaction volume of 11.6 billion USD. Funds and trading volume are both active, with bullish sentiment dominating, showing an overall strong upward trend.
After breaking through the middle band on the hourly level, there was a one-sided upward movement. The MACD indicators DIF, DEA, and histogram are all in positive territory and diverging upwards; the daily candle closed as a large bullish candle, with trading volume significantly increasing, far above the 5-day and 10-day averages. The rise in both volume and price verifies the validity of the upward trend, and the overall trend remains bullish!
Upper pressure to watch at 106600, lower support to watch at 103500, low long positions to be arranged around support level to look at pressure level, break through to see 11w! Short positions can currently be arranged around 106300, looking down near 104000 #GateWeb3LaunchpadBOB上线 #广场发币瓜分千U奖池 #加密市场回调 #BTC #PI .