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ETH/USDT 4-hour: Structure: Uptrend followed by a correction, no breakdown
Status: Oscillating and slightly weak, not a trend short
Key support: 3050–3070 (if broken, watch 2970)
Key resistance: 3120–3150, break above to see 3200
Trading idea:
Do not chase short unless 3050 is broken
Only consider short if it breaks below 3040
In a word: Currently in a bullish defense zone, waiting for a direction choice. My orders are still at $ETH