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1. Morning suggestions for the 16th
Erbing follows Dabing in oscillating movements, and overnight also experienced sideways fluctuations. Currently, the high points are gradually moving downward, but no clear break below has been seen. The current price hovers around 3304, overall in a state of dilemma between upward and downward movements.
From the four-hour chart, the Bollinger Bands are gradually narrowing, reflecting a weakening of short-term upward momentum. The current price mainly moves between the middle and upper bands, with support near the middle band still solid. The market is temporarily confined within a narrow range of fluctuations. In terms of operation, it is not recommended to follow a one-sided approach for now. Continue to observe the breakout of the range boundaries, and adjust once the direction becomes clear.
Operational suggestion: buy on dips around 3300-3270, with targets at 3380-3420.
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