Current Trends and Trading Strategies: Range Game Trend Positioning in an Ascending Channel:
Price operates within an ascending channel, with a short-term fluctuation range locked at $104,000-$108,000.
Key Points for Long and Short Operations:
Long Signal:
When the price retraces to the support zone of $105,000-$105,800 (target reference $106,000), one can enter in batches, with a stop loss set below $104,000.
Short Signal:
After touching the resistance level of $107,500-$108,000 (target reference $108,200) and then turning back down, one can consider laying out short positions, with a stop loss placed above $108,200.
Exit and Risk Control Rules:
Take Profit Strategy: Long Position Target: $106,000-$107,500 (reduce positions as approaching resistance); Short Position Target: $106,000-$104,000 (close positions as approaching support).
Risk Warning: If the price falls below the key support of $104,000, it may test $102,200-$102,800, requiring decisive stop-loss; breaking above $108,200 will focus on higher resistance at $110,000, necessitating timely strategy adjustments.
Operational Tips: Keep a close eye on support/resistance (SR) levels, combine with volume changes to assess trend continuity, and avoid chasing highs and lows at the two ends of the range.
