#ETH Currently asking "Can it go short?" The answer is: Yes.
Core interval: 3320—3340
From the market structure, this area is a typical weak upper resistance zone. Unless there is a sudden surge in volume to break through, it is very likely that it won't even reach 3340.
As long as there is no significant increase in volume, any rise is a feeble rebound.
The faster it rises, the quicker it falls, which is a typical bearish impulse signal.
Once it shows instability, with two consecutive 1-minute bearish candles, that is a good short position.
In other words: if it does not break 3340, does not increase in volume, and does not stabilize, it is all bearish advantage.
A weak rebound approaching the upper edge is a short, seeing a false breakout is an opportunity to add to shorts, being steady is more important than being aggressive.
