⚠️ Meituan Midday Market Flash: RSI Plummets to the Core, Admits Misjudgment, Seeks a Way Out

📉 [Apology Regarding Yesterday's Strategy]
First, when you get hit, you stand up straight. 🙇‍♂️
Yesterday, my "Cyclical Quantitative Model" indicated that $MEITUAN(03690.HK) should have a technical rebound (Energy Release) on Thursday (today), with the prediction that a bounce would unfold from the 88.5 level.
But the market is always right, and my prediction was wrong.
The morning session directly gapped down and broke through yesterday's "golden pit" low (87.25). The gravitational acceleration of the short trend completely overwhelmed the short-cycle rebound momentum. I deeply apologize to friends who referenced my yesterday's thinking and tried to bet on a rebound. I'm also paying tuition for this lesson.

🛑 [Hardcore Review: Hellish Oversold]
The current market situation can only be described as "brutal," but it's also the time that tests human nature the most:

RSI at Rare Extreme: The daily RSI6 has plunged to 11.74. What does this mean? This is an "irrational selling" zone rarely seen in the past few years. The spring has been compressed to its physical limit.
Moving Average Bias: The current price of 85.15 has a gap of nearly 4 yuan from the MA5 (89.05). The price is like a kite with a broken string, completely detached from gravitational pull.
Support Failure: After breaking the 87.25 level, all levels above are filled with trapped positions. The current 85.00 psychological level is the last "Maginot Line" for the bulls.

🕒 [Script Revision and Timing Window]
Although my model failed today, the cyclical factors show that there is still a very strong turning point window tomorrow (Friday).

Logic: After four consecutive days of selling pressure, short momentum is nearing exhaustion + short covering before the weekend + extreme bias repair = a revenge bounce (Mean Reversion).
Key: Whether the 85.00 level can be held this afternoon is crucial for survival.

⚔️ [Trading Instructions: Keep Your Hands Off!]
I know many people want to rush in to bottom-fish now, but please listen to my advice: Don't try to catch water under a waterfall!

🛡️ Left-side Traders (The Stubborn):
Risk Warning: Buying when RSI hits 18 might be okay, but hitting 11 suggests possible cascading liquidations. Catching a falling knife on the left side requires keeping positions at an extremely low level (trial position).
Strategy: If you have a position, set your stop-loss below the 85.00 break. If you don't, it's advised to abandon the left side and rather miss the absolute bottom.
🏹 Right-side Traders (The Cautious):
Entry Signal: Switch to the 15-minute K-line. Only after seeing a strong bullish engulfing candle with volume, and reclaiming the 85.80 level, is it a safe right-side entry point.
Current Status: Although there is a weak bullish divergence on the 15m chart, it's not yet confirmed.

📝 Summary:
Trend > Cycle > Indicators.
The current decline is an emotional rout. 85.00 is the last bastion of dignity for the bulls. If you're still in the market, please fasten your seatbelt; if you're on the sidelines, please be a calm observer during this "murderous" afternoon.

📈 Waiting for tomorrow's "cycle reversal" signal. See you after the market closes.