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Market Overview for the Morning of 8.11: ETH short order profits 76 points.
Yesterday, I placed a short order in the upward trend at 4239, and reached the target with a minimum spike at 4160, making a profit of 76 points before exiting.
ETH is in an ascending wedge channel, having encountered resistance at 4333 three times and the nearby liquidity selling pressure has been raided; waiting for a breakout above 4333 to short on the dip, with a U-shaped bottom neck line defense at 4583, targets at 4267 and 4239; simultaneously, when pulling back to the lower trend line support resonance point at 4239, go long with a defense at 4200, targets at 4300 and near 4333.
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