1.10 Friday intraday trading ideas
The market is currently fluctuating downwards, and the lowest price during the day may reach around 91,000. The shorts have strong momentum and the downward trend is significant.
Although there are occasional weak rebounds, the overall trend is still bottoming out.
Four-hour technical indicators show that MACD is running below the zero axis and the green column is enlarged, with bears taking the lead;
The moving averages are arranged in a short position, with the 5-day moving average suppressing the 10-day and 20-day moving averages, reinforcing the downward trend, and a bullish rebound is difficult to change the overall situation.
In terms of operation, it is recommended that investors adopt a sell high and buy low strategy, go long near 93000-93500, and set the profit target at 94300-94800 to seize profit opportunities in a complex market.
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