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China 🇨🇳 Time: February 6th, 9:17 PM, ETH Strategy
The main trend remains bearish; go with the flow and avoid going against the trend.
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Breakthrough resistance level: continue upward to test the next resistance level
Break below support level: continue downward to test the next support level
【Pin insertion to sweep liquidity, not considered a breakout or breakdown】
Recommended short positions: 2040—2060 (36% breakout probability)
First resistance level: 2185—2220 (20% breakout probability)
Second resistance level: 2450—2500 (10% breakout probability)
↕↔↕
First support level: 1870—1890 (62% breakdown probability)
Second support level: 1740—1760 (50% breakdown probability)
Third support level: 1600—1650 (25% breakdown probability)
#ETH