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Morning Analysis on the 14th
During the day, the price of the pancake token showed a strong upward trend, rising steadily from around 91,000 and firmly breaking above the key resistance zone at 96,000. The upward momentum was significant, with a clear bullish pattern, suggesting that trading strategies should primarily focus on riding the trend and going long.
From the 4-hour chart, the technical pattern remains in a strong upward rhythm. The Bollinger Bands are opening upwards overall, with the price continuously trading outside the upper band. Short-term support levels to watch closely are around 92,000 and the middle band of the Bollinger Bands.
Trading Suggestions
Pull back to around 94,700-94,200 to go long, with targets set at 96,000-96,600.
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