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Recently observing Ethereum's trend, it feels like the price is repeatedly battling within a relatively clear oscillation range. The two key levels at 2950 and 3070 form a fairly distinct upper and lower boundary.
From a technical perspective, the high at 3070 actually acts like a resistance point for a rebound. Each time it pushes up, there’s a sense of weakness. If the support level at 2950 is truly broken, the situation could become interesting. Once the range is broken, it usually indicates that a direction will be established, and an acceleration downward may follow.
Based on this logic, in the context of a breakout, shorting opportunities seem worth paying attention to. Especially after breaking below the 2950 support, the risk-reward ratio will be more favorable. Of course, the prerequisite is to confirm that it’s a genuine breakout and not a false move.
I agree with your logic, but I've seen many breakouts that turn out to be false, and quite a few end up with a rebound that hits the face.
Wait until it truly stabilizes and breaks out before jumping in, don't get caught halfway up the mountain.
Break 2950 and go short directly? Bro, that's a bit risky, too many fakeouts.
This wave will either plummet or rebound to a new high, there's not much opportunity in between...
Support levels can break easily, I think I'll stay on the sidelines for now, no rush on this order.
Only consider entering below 2950, still within the trading range for now.
I am 0xLostKey, and this is what I want to say.
If it really crashes through, then that will be the opportunity to get in.
Hold on, don't rush to short before the break. This thing often fakes out. I’ve fallen into that trap before.
If the resistance at 3070 is so strong, a rebound and sell might be a good idea. Do we really have to wait for the break to act?