GIGA bullish chart 🟢 If this thing promises as planned, it could become the next $Sol . I am not jumping in right now, but I am setting some long orders around $2.50 (the monthly FVG zone) in case of a market shakeout or a quick drop.
Next week will be crucial for determining the upcoming trend.
On one side if $ETH attracts the majority of attention and money flows, as we can expect, we might see a small correction towards $200, potentially down to $185.
After filling some FVGs and testing the lower end of the trend channel, we could then see a strong move up, potentially reaching $330.
However on the other side this scenario may not play out immediately (it could happen later) if the bullish momentum in alts continues. If that’s the case, we could see further highs in the next few weeks. I am targeting 350$ in January 👀
I am extremely bullish on #ETH 🟢 It has yet to show its full potential. Based on the performance of previous market cycles, it’s not unreasonable to expect $10k or more in the coming months, especially after BTC peaks and altseason kicks off.
That said, the current W candle is very important. The $4k level is a strong resistance, and after testing it, we got a rejection. Closing above that level would be a key bullish signal!
However, keep in mind that during a bull run, when everything seems to be green and rising, corrections of 10-20% can happen at any time. So, don't go in with full leverage and always trade with proper risk management.
The chart still shows my previous setups, successfully sniping the lows ✍️ However, the real gains are yet to come 🚀 Let's just #chill with our green bags.
The breakout is solid, and the outlook is looking very bullish 🟢✅️
The first take profit target is the upper bound of a potential channel around 0.08$ aligning with the 0.382 Fibonacci level. My bullrun target is set at 0.14$ leaving few chips for higher levels.
If you've been holding since the lows like I have, great job 👏 now might be a good time to take some profits 💰