(Double Pie) $ETH My take:
First, speak like a human—don’t mess around with all that mystical stuff.
Whether this wave can turn depends on whether 2703 can be recovered. If it can’t be recovered, then it’s weak—don’t keep telling yourself it’s about to have a big rebound. To look for higher levels like 2740, even 2784, you need to first break through 2698 with volume, and you must be able to hold above it. If it can’t hold, then those higher areas won’t be on the table.
As long as the trendline is still intact, don’t panic. 2636 might not be hit right away. Once the trendline is lost, most likely price will churn back and forth in the range from 2703 down to 2636. 2636 is the deadly spot for the short term: if you can defend it, you can grind it out; if it breaks structure, things get ugly and price may probe lower again.
What to do—keep it simple:
Push 2698 upward with volume, then go long again; if it falls back, cut.
Sell short when 2683 breaks downward with volume—don’t stubbornly hold.
If a pullback to 2636 confirms it can still hold, you can try going long; if 2601 breaks, exit.
Only if the hourly chart can hold above 2698 do you have the right to look toward 2740–2784.
Around 2744 you can try a short; if 2784 breaks, stop out.
If it wicks down to 2584, you can consider taking a long there; if 2558 breaks, accept the loss.
If the 4-hour chart drops below 2670, first watch for 2637; if that fails, then it’s 2601.
What’s overhead pressure: 2698, 2740, 2784
What’s holding it up below: 2683, 2636, 2601
One sentence: First sort out these immediate key levels—don’t start imagining the big market move ahead of time.
First, speak like a human—don’t mess around with all that mystical stuff.
Whether this wave can turn depends on whether 2703 can be recovered. If it can’t be recovered, then it’s weak—don’t keep telling yourself it’s about to have a big rebound. To look for higher levels like 2740, even 2784, you need to first break through 2698 with volume, and you must be able to hold above it. If it can’t hold, then those higher areas won’t be on the table.
As long as the trendline is still intact, don’t panic. 2636 might not be hit right away. Once the trendline is lost, most likely price will churn back and forth in the range from 2703 down to 2636. 2636 is the deadly spot for the short term: if you can defend it, you can grind it out; if it breaks structure, things get ugly and price may probe lower again.
What to do—keep it simple:
Push 2698 upward with volume, then go long again; if it falls back, cut.
Sell short when 2683 breaks downward with volume—don’t stubbornly hold.
If a pullback to 2636 confirms it can still hold, you can try going long; if 2601 breaks, exit.
Only if the hourly chart can hold above 2698 do you have the right to look toward 2740–2784.
Around 2744 you can try a short; if 2784 breaks, stop out.
If it wicks down to 2584, you can consider taking a long there; if 2558 breaks, accept the loss.
If the 4-hour chart drops below 2670, first watch for 2637; if that fails, then it’s 2601.
What’s overhead pressure: 2698, 2740, 2784
What’s holding it up below: 2683, 2636, 2601
One sentence: First sort out these immediate key levels—don’t start imagining the big market move ahead of time.