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Hope all my shorting friends are doing well. I emphasized repeatedly in previous days that shorting near key resistance levels that were effectively broken through last week essentially amounts to trading against the trend. The current market structure is a typical trend correction phase. If short positions lack strict profit-taking discipline, they are easily depleted repeatedly by the continuously rising support structure lows, ultimately resulting in either passive stop-losses or deep losses.
Since last week, it has been clear that short positions are only suitable for short-term speculation—take profits quickly, absolutely no holding logic, and no averaging down on losses. This is the most basic risk control principle under the current structure.
From the chart perspective, yesterday successfully completed the first verification of the core support zone below.
Today's Strategy: Buy around 74500
Stop Loss: 74200 - 73850
Target: 76500
Secondary Target Zone: 77300 - 78300
Operationally, you can deploy positions around the support zone. If support holds, consider adding positions in tranches or opening light long positions to test.
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