The midday strategy has already taken profits, let's see what happens in the evening.
Short-term Trend Judgment: Strong upward momentum, but be wary of overbought pullbacks.
Latest Price and Key Data:
Latest Price: 1,678.65 (approaching the 24h high of 1,679.04), price is in a strong zone.
RSI(6): 84.32 (severely overbought), short-term pullback pressure is very high.
BOLL Band: Price (1,678.65) has broken through the upper band (1,666.02), need to pay attention to whether it can hold or pull back.
Technical Indicator Signal:
EMA Moving Averages: EMA(7) (1,643.16) > EMA(25) (1,623.24) > EMA(99) (1,602.67), moving averages are in a bullish arrangement, trend is bullish.
MACD: DIF (11.03) > DEA (5.31), histogram (5.72) continues to expand, upward momentum is still present.
Trading Volume: Current trading volume (526,000) is significantly higher than the 5-day/10-day average (245,000/233,000), with both volume and price rising, supporting an upward trend.
Entry Point Suggestion
Strategy 1: Buy on Pullback (Conservative)
Ideal Long Position:
EMA(25) Support: Around 1,623.24 (current EMA25), if the price pulls back to this level and RSI falls below 70, you can enter in batches.
EMA(99) Strong Support: 1,602.67 (long-term moving average), if it deeply pulls back to this level, it can be seen as a medium-term layout opportunity.
Stop Loss: Below EMA(99) (under 1,600) or previous low of 1,559.40 (24h low).
Strategy 2: Chase Long on Breakthrough (Aggressive)
Breakthrough Confirmation:
If the price holds above the 24h high of 1,679.04, you can take a small position to chase long, target 1,700-1,720 (integer level and previous high pressure).
Stop Loss: Set at 1,670 (below BOLL upper band) or near EMA(7) (1,643).
Key Operational Tips
Risk Control:
RSI(6) reached 84.32, short-term pullback probability is very high, avoid chasing highs.
If the price falls below the BOLL upper band (1,666), it may quickly retest EMA(7) (1,643), be cautious.
Take Profit Target:
Short-term: 1,679 (24h high), 1,700 (psychological level).
Medium-term: 1,720 (previous high pressure), 1,750 (dynamic upper band area of BOLL).
Volume Validation:
If the price rises but trading volume shrinks (e.g., volume below MA5/MA10), be wary of false breakouts.
Summary
Bullish Logic: EMA bullish arrangement + MACD momentum strengthening + volume and price rising together, trend is bullish.
Risk Points: RSI severely overbought + price breaks above BOLL upper band, short-term pullback pressure is high.
Operational Suggestion:
Conservative: Wait for a pullback to around 1,623 (EMA25) or 1,643 (EMA7) to buy low, stop loss at 1,600.
Aggressive: Chase long with a light position after breaking 1,679, stop loss at 1,670, target 1,700-1,720.
Avoid heavy positions, prioritize building positions in batches, and strictly control risks.
Note: The current price is close to the 24h high, it is recommended to wait for 30 minutes to 1 hour to confirm whether it can hold above 1,679 or pull back to the support level before taking action.
