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ETH, this move has been very disciplined—there’s just a slight regret about the exact pin insertion spot.
Originally, I planned to place orders below 2150; in the end, it only wicked down to 2156 and bounced right back up, so it didn’t give me a chance to enter.
If I didn’t get in, there’s no need to regret—just go with the flow and look for the downside.
The resistance line above has still not managed an effective breakout; the rebound highs keep being lower one after another, showing that the bears are pressing it down here. In the short term, it will most likely go back to find support at 2100-2130.
What it’s doing now is a converging triangle—it’s about to choose direction: if it breaks down, it’ll accelerate the short; if it holds, there’s still another rebound coming.
My plan is to wait for the price to return to 2230-2250 before going short, and then wait for it to bounce a bit—then we’ll decide.
Da Chao believes this pullback’s profit shouldn’t be less than expected—brothers, what do you think? #ETH $ETH