ETH July 10th, first trade 17:42

Looking for shorts near 1790-1795
Take profit 1765
Stop loss 1817
Personal advice only for reference

Basis for judgment: After the previous rise formed a bearish divergence in the uptrend, and later formed an opposite-direction declining segment, proving the previous uptrend ended. But during the growth of this decline, the same-direction divergence occurred again, and it did not break out of that segment. In the next lower timeframe, the bounce directly entered inside the original rising consolidation zone. At this time, the primary thing to observe is whether the consolidation zone is extending or expanding. For the “consolidation expansion,” the original Chan theory text explicitly says you need a pullback of the next lower timeframe’s complete走势, and the pullback must not enter the previous central range. Now, on the next lower timeframe, it is only one swing, and 1800 is the pressure level. Two-in-one, draw the conclusion: consolidate extension, range trading—short on rallies #ETH