$ETH Evening thoughts:

Why did it break down after rising so well? Turns out it launched two cannonballs to make the crypto market buy in! This is giving the air force a chance! Hurry up and strengthen the short positions! Iran is even helping you, so why not add to your shorts? Short now! I really hope the shorters can push the price down so I’ll have another chance to go long. Just thinking about it makes me happy 😁. After breaking the flag pattern, the second coin shot up and hit a high point, but did not break the previous high of 2402 indicated by the yellow arrow on the left, only reaching 2399. Then, at the position circled in the red box, a bearish engulfing pattern appeared, breaking below the 2380 support and falling back into the flag pattern. It also dipped below 2325 support and the flag pattern with a downward spike. As long as the second coin can stay within the flag pattern, there’s still a chance to challenge the 2380 resistance and the morning spike high of 2399. Breaking through 2399 would naturally lead to 2441. If it breaks below the 2325 support of the flag pattern, it will continue to fall, and the long-awaited correction for the shorts will come, with a move down to test the 2270 support. As long as the hourly chart does not break below the flag pattern and the support zone of 2325-2300, the decline won’t expand. After rising so much, a pullback is quite normal, isn’t it?
The second coin broke through 2344 with volume and went long on the right side; it broke below 2322 with volume and went short on the right side. Watch the volume changes carefully, set good stop-losses.
The second coin on the hourly chart stabilizes above 2344 and looks up toward 2380-2403.
On the 4-hour chart, breaking below 2320 targets 2300-2270 downward.
The second coin on the 4-hour chart has again fallen back into the triangle convergence pattern, retracing to the 38.2% Fibonacci level. As long as the 4-hour chart does not fall below the 38.2% level at 2312, nothing will happen. Only if it breaks below this level and cannot recover will it trigger a 4-hour correction, heading down to the lower boundary of the triangle at 2279 and the position indicated by the red arrow. Let it fall, fall hard—this is an opportunity for me to go long. If it doesn’t fall, I won’t chase the current high price. Don’t think about both longs and shorts at the same time when trading; that’s how you start losing money. Focus on one direction and go all in. If there’s no opportunity, just wait. Meeting adjourned.
$ETH
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