Midday Double Bottom Trading Ideas

The double bottom previously showed a typical false breakout pattern: volume surged to break through a key resistance level but failed to hold, then fell back below the resistance, which is a classic trap for bullish traders.
The short-term key support and resistance level is the 4-hour support at 2345:
1. Price remains above 2345, the overall structure is healthy, and there is still momentum to push higher toward 2390 and the previous high;
2. If volume increases and breaks below 2345 without a quick recovery, the triangle consolidation pattern will break, and the market will officially start a correction, initially testing the 2306 support; if 2306 is also broken, a deep retracement is likely, potentially giving back all of this round's gains.

Trading Suggestions
If the price volume breaks above and stabilizes at 2357, follow the trend to go long, and set a timely stop loss.

If the price volume breaks below 2323, follow the trend to go short, and strictly set a stop loss.

If the retracement confirms support at 2265 and stabilizes, consider going long, with a stop loss at 2218.

On the hourly chart, if 2357 is effectively held, the bullish target is 2398 → 2423.

4-hour breakout target: if it breaks below 2345, look toward 2298 → 2263.

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