Morning Silk Road (April 24)


The overall trend is bullish, with a short-term pullback. The bottom of the daily chart has been raised but not broken, but short-cycle indicators are dulled, requiring a wave of pullback and shakeout before gathering strength for upward movement.

🎯 Key Price Levels

• Resistance: 78,500-78,800 (short-term), 79,400-80,000 (strong resistance).

• Support: 76,500 (intraday), 75,000-76,000 (golden zone), 74,500 (extreme).

📝 Trading Strategy

1. Rebound on high: Short positions in the 78,300-79,300 range, defend at 79,800, target below 77,500.

2. Low buy on pullback: Wait for a sign of bottoming near 76,300, or directly position in the 75,000-76,000 range, stop loss below 74,500, target 78,500-79,400.

⚠️ Risk Control Red Line

• Breakthrough of 79,400: Expect the pullback to fail, reverse to chase longs.

• Fall below 74,500: Trend weakens, exit and observe.
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