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Midday Double Bottom Strategy
If the 4-hour level drops below 2261, the target below is 2218-2171.
The previous box of the double bottom has already been broken, followed by a rebound testing the upper boundary of the box, but unfortunately, it failed to regain inside the box.
Currently, the market still holds the key bullish line support near 2257. As long as it does not break below this, there is still a chance for a trend reversal; once it breaks below 2257, look down to 2196 for a stop-loss.
For the double bottom to stop falling and rebound, the only condition is to regain inside the box.
Trading suggestions:
Break above 2290 with volume, go long on the right side, set a stop-loss.
Break below 2261 with volume, go short on the right side, strictly set a stop-loss.
A rebound from the 2200 support level can be considered for long positions, stop-loss if it breaks below 2174.
Touching 2377 on the upside can be shorted, break above 2396 stop-loss.
Place a buy order at 2133 on the left side, stop-loss if it drops below 2101.
If the hourly level stabilizes above 2290, look towards 2342#GatePreIPOs首发SpaceX .