EHUSDT : Trading Insights on Cup and Handle Pattern**

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The EHUSDT chart reveals a "cup and handle pattern" forming, which presents an intriguing trading opportunity. Currently, the price is testing a significant support zone around **$2,350**, where buying interest has previously emerged.

Short-Term Bullish Scenario :

If the price holds above this support, we may see a short-term bullish move, targeting Fibonacci retracement levels at **$2,471 (0.618)** and **$2,520 (0.5)**. Look for bullish signals to confirm this upward momentum.

Bearish Scenario :

Conversely, if the price fails to maintain this support, a decline could bring it to the major target of **$2,054**, corresponding to the **1.618 Fibonacci extension level**.

Trading Plan :

Consider entering a long position if the price bounces off the support with confirmation. Set a stop-loss below the support zone. Alternatively, if the price breaks below, seek a short opportunity targeting **$2,054**.

Conclusion :

This strategy allows for a balanced approach, accommodating both bullish and bearish movements in the market.

Advice for Investors :

Monitor the **$2,350** support closely. Use stop-loss orders to manage risks effectively while positioning for potential price movements.