#震荡行情交易策略 Facing the current "top above, bottom below" volatile market, the core strategy is to abandon trend fantasies and implement a "buy low, sell high" range grid. The key is to profit from repeated fluctuations within a fixed channel, rather than blindly chasing rallies or panicking sell-offs.

1. Identifying a Range-Bound Environment

Not all sideways movements are worth trading. Before entering, confirm with technical indicators that the market is in a "no trend" state:

Bollinger Bands (BOLL): Observe whether the 20-day Bollinger Bands are flattening and narrowing. If the upper and lower bands are nearly parallel and the price repeatedly oscillates around the middle band, it indicates a typical range-bound structure.

Moving Averages: Short-term moving averages (e.g., 5-day, 10-day) and medium-term averages (e.g., 20-day, 60-day) are converging and intertwined, lacking clear bullish or bearish alignment.

2. Core Trading SOP

After confirming the range-bound pattern, follow these steps to execute "mechanical" operations:

Define Boundaries: Connect recent significant highs and lows to determine resistance (upper boundary) and support (lower boundary). This is your "safe operation zone."

Buy Point (Low Buying): When the price pulls back to support or the lower Bollinger Band, and combined with RSI < 30 (oversold) or the appearance of "long lower shadow" or other reversal candlestick signals, execute a buy.

Sell Point (High Selling): When the price rebounds to resistance or the upper Bollinger Band, and combined with RSI > 70 (overbought) or the appearance of "long upper shadow" or other overbought signals, execute a sell or reduce position.

Risk Control (Key): The most feared scenario in range markets is "false breakout turning into a real breakout." Stop-loss must be set below support or above resistance. Once the price effectively breaks the boundary (e.g., volume-driven breakdown of support), stop-loss immediately and exit; do not fight the trend.

3. Position and Mindset Management

Small positions for quick trades: Profit margins in range markets are limited. Keep each trade’s position size at 5%-10% of total capital to avoid heavy losses.

Lower expectations: Do not expect large gains from a bullish trend. Set targets to "earn half to two-thirds of the range amplitude," and take profits when the market is favorable.

Beware of trend changes: When Bollinger Bands shift from narrowing to widening, and the price breaks through the middle band with volume, it signals the end of the range and the start of a trend. At this point, stop high selling and low buying, and switch to trend-following or wait-and-see.

Risk Reminder: If the market shifts from range-bound to a unilateral decline, contrarian "buy low" strategies will face significant risks. Strictly set stop-losses and monitor whether macro fundamentals undergo fundamental changes.