Let me help everyone calm down a bit from the emotions brought on by the intense fluctuations, providing some technical references.
Here’s a support and resistance chart, and by the way, it’s missing a line at 965.
Now, let me explain: this recent drop and rebound touched the 1-hour EMA200, which is very standard.
The positions worth going long on next are:
918, the lower edge of the range oscillation
885, the neckline of the 4-hour EMA200 overlapping with the pattern; at this position, if you are human, you will definitely choose to go long; it’s just about how to enter and exit.
855, the breakout point of this rise, with huge volume accumulation; if it touches and doesn’t drop again, you can also go long.
All of the above are long-side left trades, while the short-side right trades actually share the same levels; as long as the 4-hour K-line entity breaks below these levels, it’s a short. Or if this rebound reaches 965, you can also give it a try.
All the above trades do not have profit-taking, but the stop-loss is strictly required to be below 3% of your total contract funds!!!!