$ETH Evening Thoughts:
Looking at the picture: For the second pie on the hourly level, pay attention to this yellow bullish trend line in the chart. If it breaks below the trend line, you should either reduce your long positions or set a stop loss. If it doesn't break this yellow bullish trend line, the second pie will continue to oscillate upwards along this trend line, until the bottom gradually rises and the second pie will start to rise again. Can you go short if it breaks the trend line? Of course, you can; just set a stop loss if it reclaims the trend line! In trading, profits and losses are each 50%; nothing is that absolute.
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The second pie breaks above 4445 with volume, go long on the right, below 4406 with volume, go short on the right. Pay attention to changes in volume and be sure to set stop losses.
On the hourly level, if the second pie holds above 4444, look towards 4499-4559; if it can't break above 4444, you shouldn't look upwards.
On the 4-hour level, if 4403 breaks below, look down towards 4333-4273; if 4403 breaks, the second pie will continue to pull back.
Continuing to look at the chart: On the daily level for the second pie, if the bullish candlestick indicated by the yellow arrow is engulfed, it will drop back down just as it rose, or even drop more. If this bullish candlestick is not engulfed, the second pie will continue to oscillate around the highest and lowest prices of this candlestick, following a consolidation pattern. Only a direct breakout or breakdown can indicate the direction, meeting adjourned.
