$ETH Although 3555 is a big resistance level, according to my trading strategy, I will not hang short on the left side here. The daily line has broken through the neckline at 3497, and there is no stagflation signal in the 4-hour or even 15-minute chart.

$ETH Trading is about facing difficulties and overcoming them 🧐

Currently, the 4-hour level has stabilized at 3357. If it stabilizes again at 3428, it will push towards the 3500 level. If it cannot hold, it will retract below 3388, and we will continue to choose a direction within the blue triangular zone.

From a daily perspective, the oscillation range between the slope of resistance and support at 3405 and the level support at 3335 is getting narrower. If 3335 is not effectively broken, the spot holdings can continue to be held.

Whether it will surge or not is uncertain; we will see if it can hold above the significant resistance at 3555 and then return to the 4-hour channel for further observation.

I see many people shorting again near 3300 in the square 🥹. Do not short above support and do not go long above resistance; this is the iron rule of trading. Wanting to short above support is only valid if it effectively breaks down and fails to rebound, and wanting to go long above resistance is only valid if it effectively breaks through and fails to pull back. If you only engage in left-side trading, you will easily develop a habit of trying to catch the top or the bottom, chasing highs and selling lows.