$ETH The overall trend is still a rebound correction within a bearish trend, not a reversal!
You can see three segments of the main down move from 1660 → 1510: panic selling and heavy dumping.
1510 → 1570 strong rebound for technical repair, and 1570 → around 1550 pullback and consolidation. After the rebound ends, it enters a second confirmation phase.
The push upward lacks strength; suppression is clearly evident around 1560, and the decline has not directly broken down.
Just pay attention to two interval signals! Upward: a volume-expanded breakout above 1580, and only if it holds above 1600 could the reversal be confirmed.
Downward: if it breaks below 1530, it will retest 1510, and even breaking 1500 would indicate that the second leg of the decline has started. #SOLSlides20%InAMonth $H
You can see three segments of the main down move from 1660 → 1510: panic selling and heavy dumping.
1510 → 1570 strong rebound for technical repair, and 1570 → around 1550 pullback and consolidation. After the rebound ends, it enters a second confirmation phase.
The push upward lacks strength; suppression is clearly evident around 1560, and the decline has not directly broken down.
Just pay attention to two interval signals! Upward: a volume-expanded breakout above 1580, and only if it holds above 1600 could the reversal be confirmed.
Downward: if it breaks below 1530, it will retest 1510, and even breaking 1500 would indicate that the second leg of the decline has started. #SOLSlides20%InAMonth $H