7.23 pancake strategy

Wait for a pullback and only go long after the 1890-1915 range stabilizes. Set a defensive stop-loss at 1875. The first target is 1945-1970. If there is a valid breakout above 1980, look up to 2010. I do not recommend chasing longs at the current price. The 1970 level has accumulated heavy sell pressure; a rally on low volume is likely to quickly fall back, making it easy to get stuck in a short-term losing position after entry. The daily chart has not yet broken through a key resistance level. The market can only be characterized as range repair and base-building—not a one-way long trend—so there is always a risk of pullback and shakeouts; it’s not suitable to blindly hold and expect upside. A more prudent approach is to wait patiently for the pullback to the 1890-1915 support area. Here, the downside room is limited, while the upside battle space is ample, making the entry risk-reward ratio more reasonable.