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Check out my #ETHUSDT.P analysis on @TradingView:
[ETH] 4H
Over the weekend, it defended the support level of 3,822 well while attempting to break through the resistance level of 3,905 several times, but ultimately could not break through and returned to its original position.
It seems that it's best to wait for the candle to rise above the 200ema.
Anyway, I visited the area that used to bounce off every contact again, but since any support/resistance line is bound to break after being knocked several times, we need to stop knocking and start rising now.
Currently, you can set a stop loss below 3,963 and go long, or if it breaks down, you can set a stop loss above 3,963 after a short stop loss and go short. This is a zone with a short and clear stop loss line.
If it breaks, what support level could result in a rebound?
3,536
3,362
3k
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