[ETH] 1H, 15m

I mentioned the last support line at 3,056, but it went down another dollar.
It is bouncing back after hitting 3,055.

This is the last line.
If we go down to this level, it seems we should consider it effectively the end of the season.

The candle has already dropped well below the long-term moving average on the daily chart, and if it cannot quickly pull back up from here, the chart will move sideways while the moving averages will be rearranged in a reverse order one by one.

If it breaks down further, the support area where a rebound might occur is

2,826
2,684

This is about the Fibonacci retracement level of 0.618.

If this place collapses, it will open down to 2,318, so there is a bit of distance.

The current market situation is in a state of extreme fear, and in times like this, gradually accumulating spot assets can help prevent FOMO later.

Let's trade by closely observing whether it breaks down the support line or breaks above the resistance line, and setting our stop-loss lines like a machine.

In such a rapidly changing market, you need to find the mainframe.
When looking at candles over 1-hour intervals, the large candles simply break through, making it difficult to take a position.
Observing a low time frame such as a 15-minute chart, or even lower frames, while paying attention to whether the support line is being maintained or broken can help in identifying the main frame.