From a technical perspective, this round of decline has found effective support at the Fibonacci 0.5 key retracement level; afterward, a rebound formed a clear uptrend wave, with the lows continuously rising and the highs also being consistently refreshed. The current price has now approached the horizontal resistance zone formed by the previous high level, and at the same time, the MACD bullish momentum histogram bars show signs of weakening. The RSI is nearing the 70 overbought line, suggesting that short-term selling pressure may increase. In terms of execution, profit has already been taken on 1/3 of the position to lock in gains, and the remaining position’s stop-loss has been moved up to the entry cost line to achieve a risk-free hold. Next, focus on how the candlesticks react near the prior high; if signs of stall or reversal appear (such as bearish engulfing or a top divergence), that will be an ideal short-entry point with a relatively high risk-reward ratio.


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