FIL this wave of market movement is indeed a bit tough. The short-term moving averages have formed a golden cross, and the price has also stabilized above the moving averages, which should be a positive signal from a pattern perspective. The problem is that the trading volume is clearly shrinking, and participation is very low, which makes people a little uneasy.

From a technical point of view, 1.181 is a relatively strong support line. Recently, a bullish engulfing pattern has appeared, which theoretically could trigger a rebound. But there is a critical issue here—volume cannot keep up. A rebound with insufficient volume won't go very far; this is a common rule.

Looking upward, 1.3 is a clear resistance zone. Historically, FIL has been blocked multiple times at this level, so if a real rebound occurs, consider gradually reducing positions around 1.3. Setting a stop-loss above 1.32 is more prudent.

Conversely, let's consider the downside risk. If the price breaks below 1.181, then we need to see if 1.16 can hold. If 1.16 is also broken, it means we need to continue searching for a bottom, and at this point, don't hold on stubbornly.

Honestly, this kind of highly volatile, low-volume market tests everyone's patience. Everyone is watching and no one dares to make big bets. My view is to control your positions well, avoid full positions, and wait until volume really picks up or a clear breakdown occurs before making directional moves.

Short-term traders can try range trading, but must strictly implement stop-losses because false breakouts are quite likely. Don’t let one or two fake breakouts trap you.