2025.1.10 I often hear teachers say: trading is very simple, just sell high and buy low. So what is selling high and buying low?

'Selling high' refers to when the price is at a relatively high level, and investors choose to sell the assets they hold. Here, 'high' is a relative concept, referring to a high range compared to the recent price fluctuations of the asset.

'Buying low' is when the price is at a relatively low level, and investors buy assets. Similarly, 'low' is also relative. When the price falls to a certain range, investors find the price very attractive and expect the price to rise subsequently, so they conduct 'buying low' operations.

This range can be divided into various types, such as 1-hour level, 4-hour level, daily level, 3-day level, etc. Each level has corresponding support and resistance levels, and one can perform selling high and buying low at positions where most levels overlap!

Daily level: 85300 up and down 2KU is likely the bottom of this wave of decline, which may take about 1-2 months to settle. This position is crucial!

4-hour level: The 4H has reached a support position in a downward channel, but Brother Yu is more inclined to a false support. This wave of bears seems to be targeting the 90600 level around 12.06!

1-hour level: After breaking below the previous low, there is a wave of closing candles, and with tonight's news, tonight's non-farm payroll is likely favorable. It has already dropped 15000 dollars from the peak, and it is time for a rebound. Currently, the 1-hour resistance level is around 95700.

Operation plan: Those who are bold can go long now, while the cautious can wait for opportunities below 93000. For intraday trades, just exit at the 1-hour resistance level.