The overall trend and strategy sharing for Lao San!



As of April 4th, Lao San has broken below the key support level of 80, with short-term bears dominating.

Key support: 78 is a short-term defense level, 75 to 76 is a dense trading zone with strong support. If it breaks below this, the next support levels are 73 to 70.

Resistance levels: 80 to 82 act as support turned resistance, 85 to 86 (20-day moving average) marks the bullish-bearish dividing line. A breakout above could lead to a rebound toward 93.

Technical analysis: The daily head and shoulders pattern has broken, RSI is at a low level, MACD is weak, indicating a bearish trend. News: Drift was hacked, causing ecosystem panic, combined with a weak market, suppressing rebounds. Trend judgment: In the short term, expect consolidation, with attention to the 75 support.

If it stabilizes above 82, consider a light long position; if it breaks below 75, look for further downside below 70.
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