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#ETH
ETH broke through the descending channel last night, rallied to the trendline and upper resistance level, then pulled back. After the trendline is broken down, it will turn into resistance. With two resistances converging together, a converging triangle pattern has formed to determine direction. Additionally, the 4H candle body has not closed above it, so my personal view for today is still bearish bias.
Daily trading suggestion:
2160-2190 SHORT
Stop Loss: Break above 2200
Targets: 2125—2100—2080