7.25 Wang Ye big pie thoughts

Entry: Do it in batches in the 63,200-63,600 range
Stop loss: Below 62,800
Targets:
First target: 64,500
Second target: 65,200
63,600-63,700 is the intraday previous low and a nearby short-term capital-dense zone. It’s the core near-term defense level for longs. The 4-hour RSI is approaching the oversold range; price is too far away from the moving averages, and technical mean-reversion repair is clearly needed. The 63,000 daily support level is solid; after 3 consecutive days of pullback, there is a short-term oversold rebound need. With liquidity lower over the weekend, a retaliatory rebound is likely to occur, which limits the space for a deeper drop—continue to go long on dips.