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.
ETH1,36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ContractHuntervip
· 9h ago
The thing about trendline breakouts is that you still need to have a stop-loss; otherwise, it's all just armchair strategizing.
View OriginalReply0
SnapshotStrikervip
· 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.
View OriginalReply0
WealthCoffeevip
· 9h ago
The short position hasn't been closed yet, just waiting for the moment of breakdown.
View OriginalReply0
AirdropChaservip
· 9h ago
The trend line has broken so many times, and the rebound is still so weak... Definitely continue to look bearish.
View OriginalReply0
LiquidatedAgainvip
· 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.
View OriginalReply0
DegenWhisperervip
· 9h ago
Once the trendline is broken, it's broken. The rebound's strength is really weak, so continue to short.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)