Current ETH Structure: I am in a flat position, waiting for the reaction at 1,716.

Current time UTC+8 11:13, ETH price is 1,724.
My structural judgment:
1. The 1H timeframe downtrend continues, the TTR structure has been broken downward (1,746.85).
2. The 5-minute downtrend channel is complete, bears are in control.
3. Key structural level: 1H low at 1,716.98.
Why am I flat?
Because 1,716 is a widely watched liquidity gap by the market. If the price shows a high-volume long lower shadow or a bullish engulfing here, it could form a potential rebound structure; if it breaks through directly without a pullback, the downtrend continues.
Evolving scenarios to watch:
1. Clear buying support around 1,716 → potential rebound, wait for small-cycle structure confirmation.
2. Break through 1,716 without a pullback → wait for a pullback confirmation and a secondary short opportunity.
3. Narrow range oscillation between 1,720-1,725 → stay flat, do not actively gamble.
My trading philosophy: At this position, the correct action is to "wait," not to "guess." Watch the reaction when the price arrives; if no reaction, keep waiting.
This is not about calling trades but sharing my structural positioning approach. Where is your stop-loss? What is your trading logic? These determine whether you can survive in this market.
Current strategy: Flat, waiting for the price reaction at 1,716.
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