ETH


First order short near 1740
Take profit 1720
Stop loss 1758
Personal advice, for reference only

Judgment basis:
① Daily large level has not broken the 38.2 position of the previous decline. Momentum formula is proportional to space and inversely proportional to level. The current rebound central space < previous decline, level > previous decline. "Three fails to break one," large direction remains bearish, sell on rallies.
② On the 4-hour chart, the yellow and white lines turn downward, and on the 30-minute chart, they are below the zero line. Short-term rebound of multiple forces is limited.
③ After the 5-minute consolidation divergence, the pullback fails to stabilize inside the previous central axis, forming a third-type selling point.
ETH-1.57%
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