Afternoon Thoughts: Yellow Croaker High-Level Rhythm Continues, Key Pressure Levels Reassert Their Power

Juejin Old Cat | 2026.04.29

The most stable profits in trading always come from following a rhythm that you have verified yourself—only by not letting short-term fluctuations throw you off can you achieve results with certainty.

Earlier today, we clearly planned short positions around 4606, with the target directly at 4570. This level has already helped us realize profits two times in a row, and the market has once again validated the effectiveness of this resistance level. In the afternoon, the market still maintains a weak consolidation pattern. Price is moving below all moving averages across the hourly chart cycles, the Bollinger Bands are opening downward, and the CCI indicator is also in a weak range. Bearish momentum has not shown any obvious signs of weakening. The overall downtrend structure remains intact, with no clear reversal signals. Therefore, in the afternoon, we will continue with the main idea of selling from high levels and do not take any counter-trend long positions.

For afternoon trades, the key resistance area above remains at 4594-4600. This is where the short-term moving averages and the Bollinger Bands middle band apply dual pressure. It’s also the level that the market tested multiple times in the morning but failed to break. When price reaches this zone, you can enter short positions in batches. Place your stop-loss above today’s high, at 4610. The first target is the support at 4575-4570. If it breaks, you can continue looking toward the prior low area at 4555-4550. Just wait for a rebound to give the pressure level another chance before entering, so you can avoid getting trapped by chasing orders.

This trading idea is for personal sharing only and does not constitute any investment advice. The market is risky, and trading requires caution. Investors should rationally evaluate their own risk tolerance and make independent investment decisions.