📊#ETH Bullish Cup and Handle Structure📈
🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future.
➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it.
➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more.
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ETHUSDT.P
🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future.
➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it.
➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more.
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
ETHUSDT.P 
⚡️Timely updates and VIP consultation on Telegram: 👇
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚡️Timely updates and VIP consultation on Telegram: 👇
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.