---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42442753.md"
description: "The 402–390 range is a concentrated short-selling pressure zone. On Thursday, the closing price at 393.5 saw long positions entering with a change of hands. The rise during Monday's night session—London session—was driven by this big player plus retail investors. To continue pushing past 400–405, there needs to be a consensus on value. (412.5 is the high point of selling pressure)Looking downwards, if 393–390 cannot hold, these players will also take profits and exit. The short side's target will move towards 385."
datetime: "2026-07-06T13:29:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42442753.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42442753.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42442753.md)
author: "[千里雨林](https://longbridge.com/en/profiles/19519327.md)"
---

# The 402–390 range is a concentrated short-selling …


## Comments (9)

- **狂飙Jun · 2026-07-06T13:50:34.000Z**: 414.
  - **千里雨林** (2026-07-06T14:04:33.000Z): Let's talk about it after it gets past 412.5
  - **狂飙Jun** (2026-07-06T14:20:15.000Z): Hmm
  - **狂飙Jun** (2026-07-06T16:15:36.000Z): Wild price action.
- **千里雨林 · 2026-07-06T13:48:03.000Z**: 390 has a chance to come back
- **路飞同学 · 2026-07-06T13:43:05.000Z**: Judging from the current situation, it seems we should continue with the same playbook as last time. I'll keep watching from the sidelines for safety, as the position is too heavy.