$ETH made two trades on ETH yesterday, let's review.

The first trade was a right-side long position taken when the 15-minute chart of ETH closed above 1818 (Figure 1). The logic behind this was that throughout the entire range of fluctuations, there had never been a 15-minute candlestick closing price above 1818, and this time the 15-minute candlestick not only closed above 1818, but also had high trading volume. Generally speaking, a candlestick that breaks out with significant volume often signifies the beginning of an accelerating trend.

It was previously mentioned that for right-side long positions, the stop loss is placed below the lowest point of the previous candlestick. This is because a new low in price indicates a negation of the previous breakout trend, which is commonly referred to as a 'false breakout'. In fact, this trade was exactly like that, and it quickly hit the stop loss and exited.

Looking back, the closing price of the 1-hour candlestick was still within the range of fluctuations (Figure 2). This indicates that the smaller the time frame used for entry, the lower the reliability, meaning it is easier to be misled by market makers.

However, I was still considering ETH's significant rebound potential, so I continued to observe and then found the second opportunity to enter long (Figure 3).