📊#ETH is bullish, where are the new trading opportunities❓

🧠From a structural perspective, the double-top bearish structure built near the resistance area has been destroyed, so we are left with only a bullish expectation. In the future, we will mainly focus on the bullish trend.

➡️Although we are bullish, we are currently near the resistance zone, so we need to be conservative if we are bullish. If we could get back into the buy zone below, we would buy without hesitation. 📈

➡️Although we are bullish, it does not mean that we will give up short trades. If we return to the resistance zone again and do not break through the previous high, we will consider placing some short orders. 📉

Let’s see 👀

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📊#ETH is blocked by the resistance zone, what’s next❓

🧠 We started to rebound after getting support near the neckline as expected, but unfortunately we failed to break through the blue resistance zone to continue the bullish power, so the long orders we got near the neckline were swept away after the stop loss was moved up. dropped.

➡️Structurally, we have constructed a double-top bearish structure near the resistance zone, so there is the possibility of a deeper pullback. But there is a contradiction as there is also a bullish double bottom structure on the 4-hour chart.

➡️Since there is a conflict, we need to wait patiently for the conflict to be resolved before participating in new transactions. If you, like me, hold short positions in relatively good positions, then you can reduce your holdings and then look forward to the possibility of deeper adjustments.

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#Wolf_king88 $ETH