#ETH Ascending Wedge

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📊#ETH Ascending Wedge 📉

đź§ From a structural perspective, we are still in a downtrend, and the downtrend structure remains intact. Therefore, the risk of further decline has not been eliminated. We are currently facing resistance around 2000; be cautious about chasing the price higher!

➡️From a model perspective, an ascending wedge has formed here. We generally expect the price to continue falling according to this model.

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The pullback has already occurred.

This means the winning probability has been reached.

If you want a higher risk-reward ratio, you can set a no-risk strategy and then wait.
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#ETH USDT.P Crossing 1929
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The remaining short positions were closed because they hit the cost price!

The support around 1900 is very strong. I haven't seen further declines, indicating we're not in a hurry to test the extreme support zone below.

Therefore, we should patiently wait for a pullback opportunity before engaging in long positions.

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