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Intraday Resistance: 2330-2350 (early rebound high; a breakout could target 2400)
Strong Resistance: 2400-2450 (daily moving average resistance zone)
Strong Support: 2100-2150 (a break below would test the 2000 level)
Intraday Bullish and Bearish Strategy Recommendations
Current Market Characteristics: Price is oscillating between 2150-2350, with unclear bullish or bearish direction. Although there was an early rebound, trading volume has decreased, indicating insufficient momentum. It is advisable to adopt a range-bound strategy, wait for key levels to be tested before acting, and avoid chasing moves in the middle of the range.
Long Opportunity (Conditions to be met):
Entry Conditions: Price retraces to the 2150-2200 support zone, showing signs of stabilization (such as a long lower shadow on the 4-hour candle, RSI oversold divergence, etc.), and can be entered with a small position.
Entry Level: 2180-2200 (scale into positions, confirm support validity)
Stop Loss: Below 2150 (confirm breakdown of previous low)
Take Profit Targets:
First Target: 2280-2300 (intraday resistance)
Second Target: 2330-2350 (aim for 2400 after breakout)
Risk-Reward Ratio: approximately 1:2 (stop loss 30-50 points, target 60-100 points)
Short Opportunity (Conditions to be met):
Entry Conditions: Price rebounds to the 2330-2350 resistance zone, showing signs of stagnation (such as a long upper shadow on the 4-hour candle, decreasing volume), and can be entered with a small position.
Entry Level: 2330-2350 (scale into positions, confirm resistance validity)
Stop Loss: 2380-2400 (break above previous high to confirm reversal)
Take Profit Targets:
First Target: 2250-2280 (intraday support)
Second Target: 2200-2220 (if broken, target 2150)