📊#ETH Key Support?
🧠From a structural perspective, after holding the support around $1755, we successfully broke through $1850, thus opening up further upside potential. We encountered resistance and pulled back around $1950. The support and resistance levels I analyzed in my previous post have both been reached, with positive results.
➡️Currently, the price is gradually testing the neckline support zone around $1850. If we can successfully hold this level, it will further strengthen the upward momentum, and we may have a chance to see the market price rise to around $2050-$2188.
⚠️If we break below $1755, the short-term bullish momentum will weaken!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
ETHUSDT.P
🧠From a structural perspective, after holding the support around $1755, we successfully broke through $1850, thus opening up further upside potential. We encountered resistance and pulled back around $1950. The support and resistance levels I analyzed in my previous post have both been reached, with positive results.
➡️Currently, the price is gradually testing the neckline support zone around $1850. If we can successfully hold this level, it will further strengthen the upward momentum, and we may have a chance to see the market price rise to around $2050-$2188.
⚠️If we break below $1755, the short-term bullish momentum will weaken!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
ETHUSDT.P Trade attivo
Nota
#ETH Update
Locked in most profits!
Moved SL up to 1800!
Cancelled the limit order for the second entry point!
🧠If it falls further, the second entry point will no longer be support, as the support around 1800 has already been established.
Trade chiuso: obiettivo raggiunto
#ETH Update
The market developed as expected. We found new support around $1800 and retested the resistance zone around $1950, also reaching the first target price of my trading strategy. If you followed my strategy, you can lock in most of your profits here before looking for a higher target price ($2058).
Currently, spot trading is showing a continuous net inflow, so we should maintain a bullish stance. If the price can retest the neckline support level, we can still try some long positions!
If the market doesn't pull back and continues to consolidate sideways to absorb the selling pressure around $1950, it means the market price will continue to rise from here.
Nota
#ETH Update
1R is complete ✔️
Some protective measures can be taken, such as moving up the SL or partially reducing holdings, which are both reasonable.
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💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.