ETH ultimately still formed a symmetrical triangle pattern, and this pullback also missed the short entry. However, as mentioned yesterday: if the news flow can bring a wave of positive catalysts, there’s a chance to get in on the short; otherwise, we might miss it. From the current situation, the short hasn’t been entered yet, and price has already broken below the lower trendline of the triangle.
So for now, this short is temporarily missed. The price has already fallen below the lower boundary of the triangle. I’m planning to wait for a small timeframe rebound, then enter the short. Because once the level breaks and price continues downward, the move should at least target 2330, or even around 2210. In the short term, a top-and-reversal signal has basically appeared. If there’s a rebound on the smaller timeframe and it goes above 2470, I’ll consider entering the short directly. For now, I’ll stand by and observe!
So for now, this short is temporarily missed. The price has already fallen below the lower boundary of the triangle. I’m planning to wait for a small timeframe rebound, then enter the short. Because once the level breaks and price continues downward, the move should at least target 2330, or even around 2210. In the short term, a top-and-reversal signal has basically appeared. If there’s a rebound on the smaller timeframe and it goes above 2470, I’ll consider entering the short directly. For now, I’ll stand by and observe!
