Weekend Direction: Cautiously Long

Entry Timing and Levels: Aggressive Strategy: The current price (77,651) has approached the middle band of the Bollinger Bands and the MA20 support, and KDJ and RSI are short-term oversold. Consider taking a light position to go long, with an entry zone of 77,500 - 77,600. Conservative Strategy: Wait for the price to pull back and confirm the main support level at 77,409.80 (S2), and observe whether a stop-loss and stabilization candlestick pattern appears (such as a long lower shadow, bullish engulfing, etc.), while volume gradually increases, then enter. Key confirmation signal: a volume breakout and stabilization above the main resistance level at 77,765.80 (R1) will be a clear short-term bullish signal, and adding positions can be considered.

Stop Loss Setting: Since ATR (76.35) indicates recent average volatility is small, but considering potential directional fluctuations, the stop loss should be set below the key support. It is recommended to set the stop loss below 77,200 (below the intraday low of 77,206.8 and support level S3). Based on an entry at 77,600, the stop loss range is about 0.5%, making risk controllable. If the entry point is lower, the stop loss ratio is more favorable.

Target Price Levels: First target: 77,938.60 (R2), approximately 0.44% profit. Second target: 78,030.20 (R3), approximately 0.55% profit. Extended target: if volume breaks through R3, it may test the intraday high of 78,432.90, with potential profit of over 1.0%. Although the expected absolute return rate (0.5%-1%) does not reach the ideal 5%-10%, based on a 15-minute cycle and a sideways bearish background seeking rebounds, this risk-reward ratio (about 1:1 to 1:2) is operable. The core logic lies in low-entry opportunities supported by strong medium- to long-term fundamentals, rather than trend-following chasing.