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China 🇨🇳 Time: February 6th, 12:53 PM, ETH Strategy
The overall trend remains bearish; go with the flow and avoid fighting the trend.
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Breakthrough resistance level: continue upward to test the next resistance level.
Break below support level: continue downward to test the next support level.
【Pin insertion to sweep liquidity. Not considered a breakout or breakdown】
Recommended short positions: 1955—1990 (Breakout probability 35%)
First resistance level: 2160—2200 (Breakout probability 20%)
Second resistance level: 2450—2480 (Breakout probability 10%)
↕↔↕
First support level: 1845—1865 (Breakdown probability 68%)
Second support level: 1740—1760 (Breakdown probability 50%)
Third support level: 1600—1650 (Breakdown probability 30%)