$ETH The long/short framework is very clear! Take it and use it directly!
📚Position layout for the first week of August; deep Chan theory (缠论) outlook. Drop a follow. Tonight’s livestream will break it down in detail. It’s also on the homepage with $BTC $ETH $XAU $MU ’s deep outlook… The article is a bit long—please be patient and understand. 😘
1️⃣Although most liquidity recently has been in US stocks, it doesn’t mean there’s no opportunity to trade the “second biscuit” (二饼). The short from 1926 has been hit and eaten countless times. This week still has many levels you can trade!
2️⃣First, from the daily chart level: the 2-sell ➕ type class 2 sell. The downtrend is still there. The class 2 sell has just appeared; the downside structure is still class 2 sell, while whether to treat the lowered rise as “uncertain” is relatively high. But what we can see is that the lower rail 1735 is support, and 1982/2111 are resistance zones. If price reaches them, you can go long/short at these levels. Current coin price is 1866—there’s some distance from support and resistance. If you’re looking to take longs/shorts at a position, anchor the daily framework first, then find the exact levels on lower timeframes.
3️⃣Second, on the 4-hour timeframe, this double bottom is very clear. Although there was a breakout with strong volume through the neckline 1850, there has never been follow-through, and it’s been ranging around 100 points above 1850. So the neckline support at 1850 still holds, and you can still go long.
4️⃣Then, from the 30-minute level: the 2-sell line segment has already met the basic conditions. Below, support is within the structure’s upper rail at 1833. Whether this 2-sell line segment has already finished, or whether it’s currently incubating an upward line segment—uncertainty is high. If it continues to break down, you can try a small long position around 1833. The daily support at 1735 is for adding. Once the 30-minute level shows an upward line segment completing and forming the 3-sell or a class 2 sell, the resistance levels that can be confirmed are 1833 and 1926. Ultimately, look at the key of the upward line segment and whether it can resonate with that resistance before taking profit—after a 3-sell or class 2 sell appears, reverse and short.
5️⃣Putting it all together: for the first-week of August longs, keep 2 lots reserved. Enter lightly around 1850, add at 1735. If you haven’t added, look up to 1883/1926. After adding, look up to 1833/1883/1926. For the shorts, keep a close watch on the 30-minute 3-sell or class 2 sell. Once you confirm the upward line segment has finished, short it. The best short position is still 1926.
⚠️Long-term still bearish. The short-term swing point levels are already anchored in the content above. For more detailed levels, you can only find them by watching the chart. 🥳
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