$ETH

From the one-hour chart of Ethereum, currently 3780 is a minor resistance.

The price is now close to the downtrend line.

If it cannot break through and stabilize above 3780, there will be no way to look at positions like 3950-4020 in the short term.

If there is a fake breakout and it falls back, then we have a clear trade setup.

That is to short, short, short, short, and just set the stop loss a bit above the previous high, looking down at target 1 around 3650 and the second target around 3520.

Breaking through and stabilizing is also a similar principle, but personally, I tend to think this is just forming a one-hour downtrend line structure. 😄😄

Everyone is welcome to discuss. 😄