Ethereum's recent correction is quite interesting. The three-day line has already broken below the golden trend line, and the rebound strength is not strong enough, so the short position strategy should still be maintained. On the four-hour chart, the lower boundary of the white trend line has also been broken, and after a pullback, it faces resistance at the upper boundary — if this level is not broken, continue to look for a bearish trend.
From a trend line analysis perspective, the logic is quite clear. Charts speak for themselves; the key is to wait for that confirmation signal. To be honest, never enter a position without a stop-loss—that's the bottom line.
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ContractHunter
· 9h ago
The thing about trendline breakouts is that you still need to have a stop-loss; otherwise, it's all just armchair strategizing.
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SnapshotStriker
· 9h ago
Thinking of a rebound after the trendline breaks? Dream on. Holding a short position isn't wrong, but the key is when that confirmation signal will come.
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WealthCoffee
· 9h ago
The short position hasn't been closed yet, just waiting for the moment of breakdown.
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AirdropChaser
· 9h ago
The trend line has broken so many times, and the rebound is still so weak... Definitely continue to look bearish.
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LiquidatedAgain
· 9h ago
Here we go again, the 3-day line broke, and the 4-hour also broke. Charts do speak, but my wallet will cry even more... Holding the short position is fine, but I'm just worried that by the time the "confirmation signal" arrives, I will have already been liquidated.
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DegenWhisperer
· 9h ago
Once the trendline is broken, it's broken. The rebound's strength is really weak, so continue to short.
Ethereum's recent correction is quite interesting. The three-day line has already broken below the golden trend line, and the rebound strength is not strong enough, so the short position strategy should still be maintained. On the four-hour chart, the lower boundary of the white trend line has also been broken, and after a pullback, it faces resistance at the upper boundary — if this level is not broken, continue to look for a bearish trend.
From a trend line analysis perspective, the logic is quite clear. Charts speak for themselves; the key is to wait for that confirmation signal. To be honest, never enter a position without a stop-loss—that's the bottom line.