Today's market focus is on the Bank of Japan's interest rate hike. I believe that if the news leads to a significant correction, it would be a good opportunity for medium to long-term layout.
My core view:
If there is a big drop, where can I buy in?
The strong support at the monthly level is 2300-2380 area, especially near 2348. This position is the lifeline for trend defense, and if it truly drops here, I willbuy in batches for spot, controlling the position to be within 30% of total funds, entering in 2-3 batches.
If it doesn’t drop that deep, the next key position to observe is 2500 nearby, where it is also worth considering starting a tentative layout with a 5%-10% position.
If the drop is not deep, where to short on the rebound?
From the current structure, the price has been pressed by the 120 moving average on the hourly chart.As long as the rebound approaches this range, I will consider shorting., set the stop loss above 2950, quick in and out.
If it's a very short-term long position, I will look at 2780 near the small support, but must strictly carry a stop loss (for example, below 2770), and must watch the market closely.
Currently, we need to be alert to the risks.
Currently, the weekly MACD has already crossed below the 0 axis. If it cannot recover by the close next week, it is likely to continue probing the bottom. The short-term trend indeed looks bad, all actions should be in light positions with stop losses, and do not rush to heavily bottom fish.
For the upcoming layout strategy, I will aim for the opportunities of counterfeit profits together with my followers, targeting to double the capital. Join the chat room to layout together.
