This attempt to buy the dip on the long side failed. Respect the market and use strict stop-losses. Xiao Ha never stubbornly holds a position— in extreme market conditions like this, holding on can easily get you liquidated.
At the moment, the bears have the upper hand, and support levels keep getting broken. Although the decline has eased somewhat, 67,400 definitely isn’t the bottom yet; there’s still room to fall. The next potential support is around 65,000, near the level where the sharp rally in August began.
At the moment, the bears have the upper hand, and support levels keep getting broken. Although the decline has eased somewhat, 67,400 definitely isn’t the bottom yet; there’s still room to fall. The next potential support is around 65,000, near the level where the sharp rally in August began.