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Double Pancake Morning Analysis
Double Pancake has experienced a violent surge in the past two days, igniting short-term bullish sentiment. The price has risen from around 2311 to above 2347, currently oscillating near 2343, with the battle between bulls and bears intensifying. The short-term bullish momentum is nearing exhaustion, leaning more towards a high-level consolidation and topping pattern. It is not recommended to chase long positions; shorting at higher levels offers better risk-reward.
Suggestion: Trade around 2345-2380, watch 2320-2300, stop loss at 2390.