CAN's performance today was quite good. Although there was a pullback at the end of the session, the closing price was still higher than Monday's, which is a small positive sign. The price once surged towards the bottom of the wedge (the recently broken level), but encountered a clean downward pressure.
The current goal is very clear—regain the bottom of the wedge. Whether this level can hold is crucial for the subsequent trend. If a smooth breakthrough and stabilization are achieved, the rebound potential will be quite interesting. Conversely, if not, it will be necessary to continue searching for new support levels. Next, it's about whether CAN can take advantage of this opportunity to re-establish itself.
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ConsensusBot
· 8h ago
The key position at the wedge bottom is really the watershed; if it can hold, there's hope. If not, we'll have to go back to the old routine to find support... CAN this wave withstand the pressure?
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GmGnSleeper
· 8h ago
At this critical position of the wedge bottom, CAN needs to hold on tight, or else it will have to find support again.
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liquidation_watcher
· 8h ago
The wedge bottom hurdle, CAN needs to get through it properly, or else you'll have to find a new dad.
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BearEatsAll
· 8h ago
The market was hammered again at the close. This tactic is really getting annoying. Let's see if CAN can really hold that position.
CAN's performance today was quite good. Although there was a pullback at the end of the session, the closing price was still higher than Monday's, which is a small positive sign. The price once surged towards the bottom of the wedge (the recently broken level), but encountered a clean downward pressure.
The current goal is very clear—regain the bottom of the wedge. Whether this level can hold is crucial for the subsequent trend. If a smooth breakthrough and stabilization are achieved, the rebound potential will be quite interesting. Conversely, if not, it will be necessary to continue searching for new support levels. Next, it's about whether CAN can take advantage of this opportunity to re-establish itself.