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China 🇨🇳 Time: February 4th, 21:27 ETH Strategy
The main trend is still bearish; go with the flow and avoid going against the trend.
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Breakthrough resistance level: continue upward to test the next resistance level
Fail to hold support level: continue downward to test the next support level
【Pin insertion to sweep liquidity, not considered a breakout or breakdown】
Recommended short positions: 2270—2290 (35% chance of breakout)
First resistance level: 2460—2480 (18% chance of reaching)
Second resistance level: 2630—2700 (10% chance of reaching)
↕↔↕
First support level: 2170—2195 (70% chance of breaking down)
Second support level: 2100—2115 (65% chance of reaching)
Third support level: 2000 (55% chance of reaching)
#ETH