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Midday Double Bottom Trading Idea
The four-hour structure is clear, with around 2260 as the current key support level. Once a volume-driven breakdown occurs, the market will weaken further, with the first downside target at 2221, and a deeper decline toward 2176.
In the early stage, the double bottom range experienced a false breakdown to lure in buyers, then quickly recovered. Currently, it is testing the lower boundary of the range as a key support;
If this range's lower boundary is effectively broken, the first support level to revisit will be 2253. If this level is lost, the 2193 support level will come into play.
Trading Suggestions:
Break above 2306 with volume and hold steady, then follow the trend to go long, with reasonable trailing stop-loss;
If volume drops below 2280 and the rebound fails to recover, follow the trend to go short, strictly controlling risk with stop-loss;
If the support at 2231 holds steady and stops falling, consider a light long position, with the stop-loss placed at 2197;
Hourly Chart: Successfully holding above 2306, the short-term rebound range is 2338—2379;
Above 2379 is a strong resistance zone for a potential short-term attempt, and if a strong breakout above 2405 occurs, the bearish outlook is invalidated. Stop loss and exit promptly.