📊#ETH is about to reach the resistance zone ⚠️
🧠From a structural perspective, we are about to reach the resistance zone at the daily level, so we need to be wary of the risk of a pullback. If your cost price does not have much advantage, then please remember to lock in profits in time.
➡️New long trades need to wait patiently for a pullback to occur before participating, or the trend is relatively strong, and continue to consolidate sideways to form a new long structure to continue the long trend, otherwise we can't chase the rise near the resistance zone.
Will we start a pullback from here? Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
ETHUSDT.P
🧠From a structural perspective, we are about to reach the resistance zone at the daily level, so we need to be wary of the risk of a pullback. If your cost price does not have much advantage, then please remember to lock in profits in time.
➡️New long trades need to wait patiently for a pullback to occur before participating, or the trend is relatively strong, and continue to consolidate sideways to form a new long structure to continue the long trend, otherwise we can't chase the rise near the resistance zone.
Will we start a pullback from here? Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
ETHUSDT.P Trade active
#ETH Update:
Although we were close to the daily resistance zone yesterday, the ETH/BTC exchange rate was strong and the bulls were stronger than BTC, so we only participated in short trades on BTC yesterday.
Today, the price reached the upper edge of the blue resistance zone and was blocked, so we tried some short trades and are now risk-free.
If we can successfully break below the turning point of 3310, it means that the bullish trend may be over, so we need to be wary of the risk of a pullback. If you can build a bearish head and shoulders structure in the blue resistance zone, you can also try to participate in some short trades.
Trade closed: target reached
After reaching TP1, the main profit is locked.Then the cost price is touched and this transaction is closed.
🔥🔥Use the invitation link to register and trade, and you can join the spot VIP club for free.🔥🔥
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
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.
🔥🔥Use the invitation link to register and trade, and you can join the spot VIP club for free.🔥🔥
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
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.