What’s going on—has the big bread finally come down? Is there still upward momentum? Where are the key levels?
Babies: The big bread has pulled back and tested support below. The most critical points are in these two areas (77700~76000). Based on the chart, the 76000 level is the last line of defense for the current high-range consolidation.
I’ll share a screenshot of an order flow data reference chart. The gap is right around 76000—this is definitely strong support. The 77700 level is what we’re watching tonight. For the short-term pullback, this is the perfect spot to enter long positions—the first entry point is around 77700. If it breaks below 77700, you can add a small position long. Then down around 77300, you can add again, with a stop-loss zone around that area, allowing about 500 points of floating room. Set the stop loss near 76919. Then look for a short-term take profit around 78300.
For the 76000 level below, everyone should pay attention: if the longs above get stopped out, you must watch 76000 closely, because any position that gets stopped out due to a breakdown below 77000 is an aggressive long. There’s a good chance it can drop further in the short term. Our purpose for watching 76000 is to see whether we can take the long position back there again. The ideal scenario is: take profit on longs from 77700 down to 77300, targeting 78300. Then if it drops, we re-enter longs around 76000. If price dips into the 76300 area as a wick (within this week), we’ll buy the dips. The stop loss should be 500~800 points (75500~75300) depending on your average entry price.
“If the market changes, I’ll send a message promptly to let everyone know.”