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China 🇨🇳 Time: February 8th, 8:14 AM, ETH Strategy
The overall trend remains 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
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: 2120———2140 (Breakout probability 38%)
First resistance level: 2240———2260 (Breakout probability 30%)
Second resistance level: 2600———2630 (Breakout probability 10%)
↕↔↕
First support level: 2035———2055 (Breakdown probability 63%)
Second support level: 1990———2010 (Breakdown probability 45%)
Third support level: 1780———1800 (Breakdown probability 20%)
#ETH