Driven by the continuous rise of the US stock market, the Chinese A-share market's sentiment has clearly rebounded, and all major indices are rallying today.
From an operational perspective, the strategy remains unchanged from yesterday: once the market approaches or breaks through the 4034 resistance level, it should be seen as a signal to reduce positions, not an opportunity to add. You can hold some core positions and wait for further gains, but at this high level, avoid chasing the rally.
The real opportunities to re-enter or add positions will come when the market retreats to the 3936 neckline support and the daily EXPMA white line near 3950, these two areas. However, based on the current short-term trend, it is unlikely that the market will fall that deep.
Currently, the focus should be on the 60-minute moving averages: the 5-day moving average at 4005 points and the 10-day at 3985 points, which are support levels; on the upside, the range between 4034 and 4050 points is the main resistance.
Overall, this wave of the market will fluctuate repeatedly, making a continuous upward rally unlikely.
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OnChain_Detective
· 01-08 15:14
ngl the 4034 resistance is giving classic rugpull energy rn... pattern analysis suggests this bounce is textbook pump mechanics before the dump hits harder. stay vigilant folks, not financial advice but always verify your entry points before you ape in 🚩
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SingleForYears
· 01-08 06:18
If 4034 is really broken, you’ll have to reduce your position. Don’t be blinded by the gains.
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LiquidityWizard
· 01-06 01:55
The 4034 resistance level is back. This time, I really need to control my hands and avoid chasing highs.
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As soon as the US stocks rise, the A-shares follow along, but I've seen this kind of market many times. Repeated oscillations are the fate, and remember the signal to reduce positions.
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The true entry point is around 3950. Currently chasing is just taking over others' positions.
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The 5-day moving average at 4005 and the 10-day at 3985 are the critical lines—breaking them will determine the outcome.
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In simple terms, don't buy until it drops; wait for it to reach the bottom before entering. That’s the prudent approach.
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The pressure zone from 4034 to 4050 has trapped many people. We still need to respect the technical analysis.
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I'm waiting for the neckline support at 3936. Only then will I consider rebuilding my position.
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MEVHunterX
· 01-06 01:55
4034 is back again, brothers, don't get too excited. This time is really a signal to reduce positions.
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In a repeatedly oscillating market, chasing highs is just giving away money. I'm not playing this anymore.
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Keep the 3950 level in mind; wait for it to fall back before considering.
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Relying on the US stock market's movement is useless. The A-shares market is still following the same pattern, trapping a bunch of people at high levels.
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Basically, it's just oscillation. Don't expect continuous limit-ups.
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I'm watching the 4005 and 3985 levels. Let's see how they break.
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It's a common saying: don't think about adding positions unless 4034 is broken. This time, be smarter.
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The core position is enough. Chasing high at high levels is just for the little guys.
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Short-term, there's no hope. We need to wait for a pullback.
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SchrodingerWallet
· 01-06 01:55
Coming back to level 4034? Every time they say it's the top, but it still keeps rising, haha.
Volatility is just volatility; I just remain optimistic around 3950.
A continuous rally? Dream on, it's just repeated traps.
Those chasing the high are all fools; I'm waiting to pick up bargains at the bottom.
The US stock market leads the A-shares higher; it's really hard to say how far this wave can go.
The 4050 resistance level sounds pretty intimidating, but we've actually broken through it a long time ago.
Every analysis is precise, but when it comes to execution, everything gets chaotic. Am I the only one like this?
This time, really don't chase the high anymore. Last time I chased the high, I'm still trapped now.
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MetaverseVagabond
· 01-06 01:52
I've been watching this 4034 level for a while, just worried that a bunch of people will start chasing the highs again, and in the end, retail investors will be the ones to get burned.
Driven by the continuous rise of the US stock market, the Chinese A-share market's sentiment has clearly rebounded, and all major indices are rallying today.
From an operational perspective, the strategy remains unchanged from yesterday: once the market approaches or breaks through the 4034 resistance level, it should be seen as a signal to reduce positions, not an opportunity to add. You can hold some core positions and wait for further gains, but at this high level, avoid chasing the rally.
The real opportunities to re-enter or add positions will come when the market retreats to the 3936 neckline support and the daily EXPMA white line near 3950, these two areas. However, based on the current short-term trend, it is unlikely that the market will fall that deep.
Currently, the focus should be on the 60-minute moving averages: the 5-day moving average at 4005 points and the 10-day at 3985 points, which are support levels; on the upside, the range between 4034 and 4050 points is the main resistance.
Overall, this wave of the market will fluctuate repeatedly, making a continuous upward rally unlikely.