The 66,800 Northbound level given in the early morning is based on the continuation of the rebound logic. However, the current 4-hour chart shows all moving averages turning downward, MACD red bars rapidly shrinking, and the price breaking below the middle Bollinger Band. The rebound momentum has been exhausted, entering a decline cycle, and the original long entry logic has weakened.

Currently, the price is at 66,587, having broken below the lower boundary of the 66,800 long entry zone. The original stop loss at 66,000 is only about 500 points away from the current price, seeming safe. But the 4-hour lower Bollinger Band support is at 66,074. Once broken, 66,000 will be instantly pierced, risking a sudden rebound after a wipeout, and also forcing us to hold the position passively.

In a trend currently biased downward, going against the trend to Northbound requires strict risk control. The daily chart shows a bearish alignment with MA20/30/60 all pointing down, and MACD below the zero line with a dead cross. Our 66,800 long has turned into a contrarian bottom-fishing position, requiring stricter stop losses and position control to avoid deep losses.

Strategy adjustments:
For traders who have already built a position at 66,800, risk control takes priority.
Move stop loss up to 66,400-66,500. If broken, exit immediately to limit losses within 300-800 points, avoiding holding through deep drawdowns.

Exit strategy: If the price rebounds to 67,200-67,500, close the position to lock in profits, avoiding chasing higher targets.

Traders who can tolerate volatility:
Lower the stop loss to 65,700-65,800, but reduce positions significantly, leaving only a core position to gamble on rebounds.

Target adjustment: Lower the original target to 67,200-67,500. Exit immediately when reaching resistance levels, avoiding greed and breakouts.

Traders currently holding no position:

Northbound reference: 66,000-66,200, stop loss: 65,700, target: 67,000-67,300

Southbound reference: 68,000-68,500, stop loss: 68,800, target: 66,000-65,800

The biggest mistake in trading is stubbornly sticking to the original plan. Market conditions are dynamic. The logic from early morning is invalid after the large daily bearish candle. Clinging to the original stop loss will only turn floating losses into deep losses. If your position is heavy, prioritize reducing positions and moving stop losses upward to lock in risk, always putting your principal first.