The story of "Romance of the Three Kingdoms" tells us that those who live the longest will be the ones to laugh last! Trading is the same; preserving endurance is key to laughing in the end. Sometimes, it's not about doing more to earn more, but rather having more opportunities and skills to earn more.
Recently, everyone must have seen the market trends. First, the price started to decline continuously around the 118,000 level, reaching a low of about 108,500, with an overall drop of nearly 10,000 points. If there is a reversal in this market without proper risk control, it's hard to say how many retail investors would be liquidated, not to mention the large investors.
If you have been following Jiang Wei, you should know that I previously held a bearish view on the upper positions, expecting a low of 107,000. Later, I felt that the market could not go down further, so I began to turn bullish. The overall market trend was not far from my expectations. This is professional judgment. I say all this not for any other reason, but to hope that more retail friends can avoid taking detours.
Next, let's look at the technical chart. On the daily level, there was a significant bearish bottoming out at the Bollinger lower band, followed by a weekend of sideways consolidation. Today, a strong bullish candle has emerged, indicating a recovery from the previous large bearish drop, but we still need to see if the middle band can break upward. If it breaks, the price will continue to approach the 118,000 level, with current resistance at 114,000. Therefore, we can look for bullish opportunities around the bottom.
Reference strategy: look for bullish positions in the 111,400-111,000 range in batches, targeting the 113,800 level. If it breaks, aim for around 117,500, but this level will require some time.
Follow the public account, for what can relieve worries? Only Jiang Wei.
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