$FIL This position is actually quite awkward. The short-term moving averages have indeed crossed golden, and the price is above the moving averages. However, trading volume has shrunk significantly, with basically no one participating.

From a technical perspective, the level of 1.181 is a strong support. Recently, a bullish engulfing pattern has appeared, which may lead to a rebound. But the volume isn't there, so it's hard to say how far this rebound can go.

Above, 1.3 is a clear resistance level. Historically, it has been suppressed several times. If it really rebounds, I think it would be wise to consider reducing positions near 1.3. Risk control should be above 1.32.

If it breaks below 1.181, we need to see if the level of 1.16 can hold. If it breaks, we might need to continue looking for a bottom.

Currently, this kind of volatile market is the hardest to navigate. The shrinking volume indicates that everyone is on the sidelines. My advice is to manage your position well and not to go all in. Wait for a breakout or breakdown in volume before making directional judgments.

In fact, this kind of market is more suitable for short-term range trading. But strict stop-loss measures are necessary, as the probability of false breakouts is very high.