ETH Short-Term
1H Status:
Breaking through the midline and retracing without breaking, entering an upward structure - waiting for confirmation of a second continuation upward
Personal Feelings:
Yesterday met the conditions for going long that I’ve been mentioning for the past few days - "Price breaks through the midline, and after a retracement does not break the midline, go long".
It has risen 6% to the potential resistance above: the 4380 area is encountering resistance. Currently, the price is still standing above the midline, which is a signal waiting for confirmation of continued upward movement; you can hold on as long as the price has not actually broken below the midline.
If you want to short, personally I would suggest - "Wait for the price to break below the midline, then short after a rebound meets resistance at the midline"; this has already been marked in the diagram below.
