$ETH

Analysis of the price behavior of Erbing:

The 4-hour and 12-hour charts have closed! The 4-hour chart shows a bearish pattern of a breakout followed by a pullback! The 12-hour chart indicates a Pikar, Signal 1: The upper shadow accounts for 90% (indicating the strength of the bears). Breaking back below the previous high of the Doji at 1834 represents Signal 2: False breakout. Signal 3: Structurally, does it not look like a double top (M)? Therefore, first look at the price behavior near 1722; if it breaks below 1722, it completes the double top, with at least a drop line from 1722 to 1834 (1722-112) around 1610.

Next, look at the structural points: the bearish structural point on the 4-hour chart is at 1778, and the support on the 12-hour bearish structure is also at 1778! So the first target near 1722 looks ahead, breaking 1778!

Conclusion: As long as it hasn't broken 1778, we still have a chance to enter a rebound high point. Since 1778 may not break, it could provide a high point for a short. So can we use 5 points below 1778 as a stop-loss and go for a scalp long (only experienced traders can do this, it's high risk, if not managed well can turn profits into losses easily)? If it breaks and stabilizes below 1778, it usually accelerates to oscillate near 1722!

That's it!