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The last day of this week


Review and learn: the 2-day and 3-day charts are both bearish. In my view, unless price breaks above and holds the 2480-2520 range, the next low may test support around 2250. Short-term traders can act based on price movements. This is just a projection for the medium to long term.
Also, this round of oversold rebound has indeed exceeded expectations somewhat.
Of course, medium- to long-term trading also requires patience and range-based trading. You can trade within this range: add on smaller-scale rallies, then sell on pullbacks, while keeping a core position. This can raise your average entry price and also lower your cost basis.
My personal trading projection: maximum stop loss at 2550, maximum take-profit target around 2100. I’ll also make some trades within this broad range. Stick to your own trading plan. My preferred area to go long remains the 1800-1600 range. (I’m not looking for speed, just stability; I won’t casually abandon my trading plan.)
Note: Markets are constantly changing. This is only my personal trading projection. It varies from person to person; don’t fixate on exact levels.
Time will provide the best answer!
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BrotherRen600
2 hours ago
Author
If executed well, the position may still be able to take profit around 2065. 🤓
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BrotherRen600
2 hours ago
AuthorFirst Review
I’m very confident in my trading plan; 2250 should be within reach!
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