Wealth Code of Minus Two Degrees



In the early hours, it briefly hovered around 59000— the drop isn’t over yet. After tomorrow’s 6.26 full delivery, once the bearish pressure is fully released, it will gradually stop falling.

Today’s resistance is at 61125-61600/61850. Generally, I don’t recommend chasing shorts below 63000, but over the next two days, we expect 59000 to break down. If there’s a rebound today, you can short for a stretch. After tomorrow night, you can’t short anymore—look to bottom-fish. The July market will be better than June, because these two days will form a new low, and July will play out an oversold rebound.

Short: Short with a small position at 61125-61600. If 59000 breaks, hold toward 56666. 62000 is the stop-loss point for shorts. The expected risk-reward ratio is relatively large.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned