October 28th, Friday midday operation strategy
Last week, after dropping to around 80600, it directly formed a long lower shadow, and then surged with consecutive bullish candles to above 91000, confirming the support below. However, after briefly touching around 91900, it was pushed down again. The latest candlestick has a slight upper shadow, indicating that a short-term upward movement is somewhat challenging. The short-term moving averages are in a bullish arrangement, and the MACD red bars are still expanding, but the RSI has reached 71, and the KDJ is nearly at 93, both of which are considered overbought zones, meaning "the body is a bit tired and may need to catch a breath."
For those looking to go long: either wait for a pullback to the 90500-90800 range to buy low (buy in batches, don’t go all in), or wait until it stabilizes above 91800 and then follow the breakout as it will become support. Set the stop loss at 89800; if it breaks, exit immediately. The initial target is 92500; if it can break through, then look at 93500.
For those looking to go short: don’t rush to short now; wait for two signals: either the price hits resistance around 92500 + a clear high and drop candlestick appears, or directly breaks the 89800 support. At this point, the bullish logic breaks down, and then consider a short position.
