Nov 9: $ETH — Focus on shorting the rebound; move quickly in and out.
【Today’s Strategy】
Short entry zone: Set up positions on a rebound to 2150–2180
Stop-loss: Above 2195
Take-profit target: 2080–2055
【Key Rationale】
On the 1-hour chart, price has formed two rounds of high-volume declines. After moving sideways, it broke down to a new low again, making the overall downtrend clear and leaving bears firmly in control. The 2150–2180 zone was a support area in a previous consolidation range and has now turned into resistance. Selling pressure from trapped holders and profit-takers is concentrated there, making a rebound to this zone a short entry with a favorable risk-reward ratio. A rejection and pullback from this area is the main scenario. Based on historical technical patterns, the first rebound after a breakdown to a new low is often an oversold correction. Without significant new positive catalysts, a direct reversal is unlikely; the more probable scenario is that the rebound meets resistance and weakness continues. This conclusion is based on experience with similar past price action and is not a certainty. The broader bearish outlook remains unchanged; shorting the rebound is the core strategy. #ETH
【Today’s Strategy】
Short entry zone: Set up positions on a rebound to 2150–2180
Stop-loss: Above 2195
Take-profit target: 2080–2055
【Key Rationale】
On the 1-hour chart, price has formed two rounds of high-volume declines. After moving sideways, it broke down to a new low again, making the overall downtrend clear and leaving bears firmly in control. The 2150–2180 zone was a support area in a previous consolidation range and has now turned into resistance. Selling pressure from trapped holders and profit-takers is concentrated there, making a rebound to this zone a short entry with a favorable risk-reward ratio. A rejection and pullback from this area is the main scenario. Based on historical technical patterns, the first rebound after a breakdown to a new low is often an oversold correction. Without significant new positive catalysts, a direct reversal is unlikely; the more probable scenario is that the rebound meets resistance and weakness continues. This conclusion is based on experience with similar past price action and is not a certainty. The broader bearish outlook remains unchanged; shorting the rebound is the core strategy. #ETH
