Ethereum had a pin bar reversal yesterday, and it was aiming to break above $3,000. So what should we do today? Let's analyze the Ethereum market around this theme.

Congratulations to the brothers who followed the rhythm last night; those who did perfectly captured the profits from this short position.

Let's take a look at why this trade was so perfect yesterday. First, let's review; the levels given were 2083 and 2093.

At this position, if we understand the logic, we could have taken a short position here, which spiked to 3,017.

If a good strategy wasn't used, those who took the short position might have been stopped out if their stop loss wasn't set correctly, then it spiked to my stop loss at 3,048, and quickly retraced, allowing for another opportunity.

Following that spike, if you understood my 5-minute strategy logic, you could have started a second wave here at 2997, which is buying at the tip of the spike.

Some friends bought at 3006; those who understand my logic know how to enter at 3006. This short position was perfect, dropping to a low of 2933.

This wave was very beautiful, but it required monitoring late at night to capture two points. A 200% profit was already weakening at this point, and from this position, the spikes started to form a top.

The top is lowering, and this position is also a good entry for a short position.

For this short position, the stop loss can be set at this position or this position.

What should we do today? Looking at the 4-hour chart, it has already closed bearish. If it rebounds to 2992, we should see if there’s an opportunity to short again at 2992.

The 4-hour chart has already faced resistance around $3,000 and 2,997, with the rebound showing weakness. If it cannot break above $3,000, it may retrace to 2933, which could be a reference for a short-term long position.

However, I personally suggest that those with less than a year of trading experience should be cautious with long positions at 2933. So where would be a reliable place to go long?

Brothers, it would be more reliable to go long at this position, which is the relative low of this range, around 2,827-2,760-2,780.

Then, shorting at 2,980 or above 2,990 would be advisable, shorting at highs within the range of 2,980-3,030.

Set the stop loss at 3,048-3,050 for shorting at highs, which increases our win rate. If managed well, we can go long on the way down and short on the way up, profiting from both sides.

For more strategies, follow the public account BTC-ETH Crypto.

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