$ETH Reviewing last night's misjudgment of the second pancake, the four-hour chart showed a retracement to the middle track of the channel, which provided support. After a large bearish candle, a doji with a long lower shadow formed, closing above the support level, indicating a clear stop-loss signal. Subsequently, there were three bullish candles, each longer than the last, signaling an upward movement, which reached a left high level of resistance. Without a closing line, it's premature to predict a head and shoulders formation here, so it is necessary to establish positions on the left side with stop-losses at this boundary point. A wrong move could lead to a significant market trend.

Then, the daily chart's boundary point was misidentified, and after moving up, it coincidentally hit the upper track of the channel. The market clearly remains in a bullish trend, and positions can be added at the daily level support.

On the four-hour level, 3490 is a key point; pay attention to whether the closing line breaks this level.