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Intraday Fourth Wave: Long-term short positions successfully executed
Mastering a 1,700-point range, 5x leverage gains, Luodai 33,000 oil
Today’s Silk Road is clear:
Although recent bullish signs have appeared, repeated attempts to push higher have failed to stabilize. The overall trend today is mainly bearish. The first resistance level is 68,500; if it is pressured, consider short positions. The support targets are 68,000-67,000.
Actual market movement:
Rebounded from around 68,000 to 68,600 as expected, then faced resistance and declined, breaking through two support levels consecutively, dropping all the way to the 66,000 mark, with a total movement of over 2,000 points.
The charm of long-term positioning lies in this.
But before entering, it’s worth asking yourself:
In this round of market, for example, entering means facing about 500 points of counter-movement. Is your mindset stable enough?
When two key supports are broken one after another, can you stick to your system, hold your positions, and stay firm in your judgment?
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