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Midday Double-Bounce Strategy
The double-bounce has experienced a significant decline in this round, directly breaking through the key level of 2300, quickly dropping to around 2255 support. The current focus is whether the market can stabilize above 2300 again; if it does and breaks through the 2316 resistance, the rebound will continue toward the 2345 range. Conversely, if multiple attempts to test 2300 fail to break through effectively, it is highly likely to revisit the 2255 support again.
2300 is the current dividing line between bulls and bears: holding above this level signals a potential end to the decline and a rebound, while persistent pressure indicates a continued weak downward trend.
Trading Suggestions:
- Follow up with long positions on a volume breakout above 2300
- Confirm support and stabilization on a pullback to 2255 before entering long positions
- On a volume breakdown below 2274 with a failed rebound, follow the trend and go short
- If a rebound reaches 2377 and faces resistance, try a small short position; if it breaks through 2423, set a stop-loss and exit
A valid break below 2273 on the 4-hour chart indicates the market will further decline toward the 2255–2218 range.
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