First Support: 3050-3060 at the lower boundary of recent consolidation, the red support line shown in the chart. If the price pulls back to this level, consider building positions in tranches. Second Support: 3000 round number level plus the previous consolidation platform. If it breaks below 3050, this position is a strong defensive level.
II. Resistance Levels (Reference for Rally Profit-Taking) First Resistance: 3140 at the BOLL upper band in the chart plus the recent rebound high. After breaking through, reassess higher targets. Second Resistance: 3224 the short-term target level marked in the chart. If it holds above 3140, this position is the first profit-taking or position reduction point.
I. Support Levels (Reference for Pullback Buying)
First Support: 3050-3060 at the lower boundary of recent consolidation, the red support line shown in the chart. If the price pulls back to this level, consider building positions in tranches.
Second Support: 3000 round number level plus the previous consolidation platform. If it breaks below 3050, this position is a strong defensive level.
II. Resistance Levels (Reference for Rally Profit-Taking)
First Resistance: 3140 at the BOLL upper band in the chart plus the recent rebound high. After breaking through, reassess higher targets.
Second Resistance: 3224 the short-term target level marked in the chart. If it holds above 3140, this position is the first profit-taking or position reduction point.