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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 for key support;
If this range's lower boundary is effectively broken, the price will first retest the 2253 support level. If this level is lost, the 2193 support will be reached.
Trading Suggestions:
Break above 2306 with volume and hold steady, then go long on the right side, follow the trend reasonably, and move the stop-loss accordingly;
If volume breaks below 2280 and the rebound fails to recover, go short on the right side, strictly control risk with stop-loss;
If the retest of 2231 support stabilizes and halts the decline, consider a light long position, with stop-loss set at 2197;
Hourly Chart: Successfully holding above 2306, short-term rebound range is 2338–2379;
Above 2379 is a strong resistance zone for a potential short position. If a strong breakout occurs above 2405, the bearish idea is invalidated, and stop-loss should be executed promptly.