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What should I do if I miss this round of market movement? 🔥🔥
Can I continue to chase long? Or should I go short?
💂♀️ These days of consolidation at low levels, I mentioned during the live broadcast that a strong rebound is likely after consolidation, and I also took a long position around 2000, building a position. This afternoon, during a mid-session order, I chased another long with brothers who had no position at 2120. So, what should we do tonight? Build a short position before the US stock market opens, with a focus on setting a stop-loss! Set a stop-loss!
🌸 After only four days of accumulation at the low, I believe the price won't rise too high before it starts to distribute. However, with the US stock market closed for three days, there will be some selling pressure tonight. There are two possible scenarios: First, the market opens with a decline, then rebounds. The selling pressure will cause the price to fall back, and after a period of decline, the US stocks will rally again, as today's liquidity and bullish sentiment are very high. Second, taking advantage of this selling pressure, the market continues to decline, falling back below 2000 and then consolidating sideways. If this happens, it will not only trigger a short squeeze but also shake out the bulls afterward.
🌸 No matter which scenario occurs, making a small short before the US market opens can still be profitable. If it doesn’t work out, setting a stop-loss is no big deal. The key is to determine the entry point based on the price before 9 PM tonight, find the resistance level, set a stop-loss, and go short. How exactly to short will be discussed in the 7 PM live broadcast. Join the live room and go All-in together!