This position is quite delicate. Considering the current macro environment, there is a support logic if it doesn't break, but it's also reasonable if it does.

How to operate? It depends on your own style.

If you're confident that a rate cut will come in December and want to buy at relatively low levels, you can start building positions in batches now. If you prefer a more conservative approach, it's not too late to wait for confirmation from signals on the right side—at this stage, it may still not be considered the right side yet.

Of course, you ultimately have to make your own decisions. These are just my personal thoughts and do not constitute any investment advice.