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Today’s trading idea is recorded.
I opened a short position at the 2993 level, which is a key resistance level I identified. If the market rebounds and breaks through, I will set a stop-loss at 2053 to control risk. If the price moves down as expected, then 2879 will be the target for taking profit.
The risk-reward ratio for the short position is quite good, with only 60 points of risk from entry to stop-loss, but the take-profit space can reach 114 points. This over 3:2 reward-to-risk ratio makes it worth trying in the current market conditions.