ETH short profit of 44 points exited, T2 break-even loss

ETH yesterday ambushed at 2395 for a short, T1 exited at 2351.69, the lowest dip was 2352.42, profit of 44 points exited, T2 break-even loss

ETH market briefly broke through the top resistance of the oscillation range and then started to pull back, is it a false breakout that drops back to lure longs or a false breakdown after a breakout that recovers to lure shorts?

From the 1H volume-price divergence, the initial breakout was with volume, followed by a pullback with no volume;
This indicates that the market makers and institutions did not have real selling pressure, but small retail traders sold in the pullback, perhaps just a fake breakdown to trap traders.

Currently, the market remains within the range of 2395-2306, but the likelihood of a false breakdown that recovers is high, so the market is mainly observing for now.

2352 is a support-resistance switch point, also the 0.618 Fibonacci level of this upward trend and a point of three-way resonance with the trend line, making a pullback to buy more more stable.

Even if the market breaks through the 2395 resistance, do not blindly chase longs; the market is unpredictable, with risks on both sides. Only wait for familiar market signals before making decisions.

Ambush at 2352 on the left side to go long, or wait for a break below the trend line support to resonate at 2352 and then rebound to go long, with a stop at 2306 and a target near 2395.