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Midday Double Coin Public Strategy
Market Analysis
The recent trend of Double Coin has been very contrasting; it previously surged and strengthened, now a large bearish candle has dropped it sharply.
It has broken the flag pattern range, and the 2345 support level can no longer hold, short-term is relatively weak, likely to test 2298.
If 2298 can hold, a rebound will stabilize; once volume increases and it breaks down, the next level to watch is 2250, and the overall trend will be completely damaged.
The area from 2345 to 2362 above becomes a resistance zone; if it cannot recover, it will remain weak and oscillate, only a firm rebound can offer a chance.
Trading Suggestions:
Break through 2334 with volume and go long; if it falls below 2308, go short immediately, and be sure to set a stop loss.
If it stabilizes at 2256 on a pullback, try a small long position; if it breaks 2217, exit immediately.
If the hourly chart stabilizes above 2334, target 2378–2400;
Reaching 2400 can attempt a short; if it strongly breaks 2425, stop loss.
At low levels around 2200, you can place a long order; if it breaks 2171, accept the loss directly.
If the four-hour chart falls below 2300, the next levels to watch are around 2257–2232.