As a steadfast e-guard spot trader, I rarely play with contracts, but I will consider opening positions at the following two key locations:
1️⃣ Break the 4h downtrend line → Re-test to confirm support (yellow line area)
2️⃣ Continue to oscillate down to the red line 0.618 position → False breakout + volume recovery
Aside from that, I will not rashly chase long positions; I will wait for these two conditions to be met before taking action. $ETH