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Short positions were fulfilled as expected, and this wave of decline mostly aligned with the morning judgment.
The market surged in the morning but struggled to break above the key resistance level, with volume unable to keep up. After a continuous four-hour rally, clear signs of fatigue appeared. Multiple attempts to test the high were quickly pushed back, indicating persistent selling pressure above.
In the afternoon, the market started to weaken, and the bears gained momentum, causing the price to fall steadily, ultimately confirming the expected pullback pattern. The early warning to be cautious about chasing longs at high levels and to watch for pullback opportunities was once again validated.
That's just how the market works: after a rise, it needs correction; after a deep fall, it rebounds. The key is not guessing whether it will go up or down, but understanding where funds are starting to shift.
Next, focus on the support levels below:
If the support holds, there is still a chance for oscillation and rebound;
If the support is broken, the bears may continue to expand their advantage.
Trading is never about emotions; it’s about rhythm and execution.
Seeing the right direction is only the first step; managing positions well is what allows you to go further.