📊Where is the best trading range for #ETH ❓

🧠From a structural perspective, the bullish cup-and-handle structure within the 4-hour level is still intact, so there are still bullish expectations.

➡️We started to fall back after being blocked by the resistance area of ​​the two necklines (2805-2813) again. This is very reasonable. The support area that can be seen currently is around 2700-2730.

➡️If we develop as expected, then after reaching the most ideal target area of ​​2880-3000, we will close the long orders we hold and then look for short selling opportunities.

Let’s see 👀

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📊#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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#Wolf_king88 $ETH