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After breaking through the 3400-point mark last week, the soybean meal 1301 contract rose all the way to around 3430. Instead of stopping, it climbed upwards with a more steady and firm pace.

Prices rose slowly along the 5-day moving average, and each slight pullback was quickly lifted by stronger buying, showing a typical "slow bull" market pattern.

However, when the price entered the new range of 3435-3455, Jiang Haoran keenly noticed the subtle changes in the market's signals.

For three consecutive trading days, the price has been fluctuating within this narrow range.

日内高点从3455缓缓下移至3452、3448，低点也从3435上移到3440附近。

The price fluctuations narrowed, and the trading volume dropped significantly compared to the record high volume at the time of the breakout.

In terms of technical indicators, the MACD red bars on the daily chart are starting to shorten, the KDJ is repeatedly consolidating at a high level, and the RSI is flat in the strong zone.

On Thursday morning, prices opened slightly lower but quickly rebounded, attempting to break through the 3450 resistance level again.

The price touched 3453 points at one point during the session, but there seemed to be an invisible wall above it. Whenever the price approached 3455, concentrated selling pressure would appear.

Jiang Haoran brought up the Level-2 market data and scanned the order book data with the sharpness of a hawk.

Buy orders are sparse and cautious, often with only a few dozen lots of scattered orders at the bottom; while sell orders, especially in the 3450-3455 range, are piled up in layers of hundreds or even thousands of lots.

More importantly, these sell orders are not static. Whenever the price shows a slight upward movement due to sporadic buying, several proactive sell orders of dozens to hundreds of lots will be "precisely" dumped, bringing the price back to its original level.

"The signs of market manipulation are too obvious," Jiang Haoran muttered to himself. This was not a natural battle between bulls and bears in the market, but rather a major player with huge funds deliberately suppressing prices and creating the illusion of "weak upward momentum and heavy selling pressure."

Based on the severe stagnation of short-term technical indicators and the fact that prices have moved far away from short-term moving averages, Jiang Haoran concluded that the market has accumulated too many short-term profits.

This is evident from his own account; from the low point to now, his account balance has exceeded one million. And he is merely one member of this massive profit-taking group.

Those short-term traders who chased the rally above 3400 have higher costs and more volatile mindsets, making them the most unstable "floating shares" in the market.

If the major players want to push the market to higher levels in a healthy and sustainable manner (such as 3500 or even higher), they must clear out these floating shares before the crucial battle.

Therefore, the most effective method is to create a rapid drop that is enough to scare people to death.

Just when it seemed hopeless to break through and technical indicators were deteriorating, some buy orders at key support levels were suddenly withdrawn, or even shares were actively dumped, triggering a chain of sell-offs and creating panic.

When the price falls to a key technical support level and panic selling has subsided, then calmly buy back the shares at an even lower price.

This back-and-forth not only clears out floating shares and raises the overall market holding cost, but also may increase the number of shares held by major players and lower their own costs.

This is a "shakeout" tactic that has proven effective time and again for those with financial advantages in the futures market.

On Thursday morning, as soon as the market opened, the market trend followed exactly as he had predicted.

The opening price fluctuated narrowly around 3445, with light trading and a somewhat anxious, wait-and-see atmosphere.

At 9:15, several sell orders of hundreds of lots suddenly appeared, quickly driving the price down from 3450 to below 3440.

However, it was quickly pushed up to around 3445 by a few orders, and the situation fluctuated within a narrow range.

"Now." Jiang Haoran's eyes were sharp.

The indicators were extremely sluggish, the market was teetering on the brink of collapse, and a plunge was imminent. His fingers flew across the keyboard as he brought up the trading interface.

He placed sell orders in batches with a clear objective: to reduce most of his positions, lock in profits, retain some core positions for observation, and simultaneously recover a large amount of cash to prepare for buying back at lower prices.

A bold yet meticulous operational plan quickly took shape in Jiang Haoran's mind.

He is not afraid of this possible drop; on the contrary, he wants to take advantage of it to complete a brilliant "high sell, low buy" (T+0) trade, further expand his gains, and at the same time accumulate more "ammunition" and lower risk exposure for the next target.

"Sell soybean meal 1301, 3446, 50 lots, close position."

"Sell soybean meal 1301, 3448, 50 lots, close position."

"Sell soybean meal 1301, 3446, 50 lots, close position."

"Sell soybean meal 1301, 3445, 100 lots, close position."

"Sell soybean meal 1301, 3444, 50 lots, close position."

"Sell soybean meal 1301, 3443, 50 lots, close position."

The instructions were issued calmly and systematically. The market showed reasonable resilience during the rebound, and his large orders were gradually absorbed.

Ultimately, he successfully closed out 350 lots at an average price of approximately 3445, securing a floating profit of over 78.

The account currently has ample cash, with only 50 lots of old long positions at extremely low cost remaining as a "watchdog".

As expected, the price failed to break through. After fluctuating for more than an hour, just before the morning session was about to end, large sell orders began to appear, and the price successively broke through 3440, 3435, and 3430. The key psychological level of 3430 was breached almost instantly.

The decline began to accelerate, the curve on the intraday chart became steep, and the transaction details were flooded with green sell orders.

After the price fell below 3420, it paused briefly near 3410, but soon continued to decline, heading straight for the 3400 psychological level!

At 2 PM sharp, the real "main event" began.

Perhaps in an attempt to completely shatter the bulls' psychological defenses, a massive sell order of over 1500 lots fell like a meteorite, slamming the price down from 3401 to 3395! It instantly broke through the psychological barrier of 3400.

The market was deathly silent, then erupted in chaos. 3390 and 3380 were breached instantly, with prices dipping as low as 3372.

Countless bullish investors who were staring at the market turned ashen-faced at that moment, as if they could hear the sound of their positions exploding.

But Jiang Haoran's heartbeat actually calmed down at this moment. He stared intently at the order book below 3380.

Just as the price touched 3372, buy orders of three or even four digits suddenly appeared at several price levels, like bamboo shoots after a spring rain!

They were not tentative, but rather firmly and solidly piled up there, like a dam that had suddenly risen.

The cascading floodwaters came to an abrupt halt before this dam.

The price hovered around 3372 for less than five seconds, with the major players decisively absorbing all the selling pressure and passively taking over. The price gradually fluctuated between 3372 and 3385.

"The bulls have entered the market and are buying up shares!" Jiang Haoran knew perfectly well. This was the "golden opportunity" he had been waiting for, the blood-stained chips sold off by panic selling, and also a signal that the major players were starting to buy back or even increase their positions after clearing out the floating shares.

Without the slightest hesitation, he immediately placed a buy order at the market price. If not now, when?

"Buy soybean meal 1301, 3378, 150 lots, open position."

"Buy soybean meal 1301, 3380, 150 lots, open position."

"Buy soybean meal 1301, 3382, 150 lots, open position."

The order was executed quickly. 450 long positions were established in the 3378-3385 ​​range, with an average price of approximately 3380.

至此，他完成了一次堪称教科书级别的日内操作：在均价约3445时卖出350手，锁定丰厚利润；在均价约3380时买回450手，不仅以更低的价格获得了更多筹码，还将总持仓从400手增加至500手（50手老仓+450手新仓）。

After this perfect "T+0" transaction, his account equity, after experiencing this thrilling "tightrope walk," not only did not shrink, but instead saw a significant increase due to successfully capturing price differences and increasing low-cost positions.

At the close, the price was pulled back to 3405 points by strong buying, leaving an astonishingly long lower shadow on the daily chart, like a stabilizing force, announcing the end of the shakeout and the reconfirmation of the bullish trend.

Jiang Haoran closed the software and let out a long, slow breath. The total equity in the account had steadily reached a new high—over 112 million yuan.

In just one day, he not only gained a firm foothold above the million-dollar mark, but also completed a brilliant tactical maneuver, optimizing his portfolio structure and cost advantage to a new level.

This operation not only brought tangible profits, but also served as an ultimate test and proof of his market insight, psychological resilience, and execution ability.

He could almost hear the undercurrents beneath the market's surface, a more turbulent current pointing towards a higher goal, gathering strength and poised to surge forth. And his ship was now better equipped, its direction clearer.