wolf_king888

📊#ETH will continue to operate according to the long structure

做多
BYBIT:ETHUSDT.P   ETHUSDT Perpetual Contract
🧠Let’s reorganize our thinking

First we complete the move up based on a cup and handle bullish structure.
Then it went into running a complete Elliott pulse wave for correction. A smiley face bullish structure formed after the correction ended, and the short defense point was broken while completing objective 1. This is very critical, meaning the short structure is broken. When we don’t have the short structure as an obstacle, we will follow the long structure to move or continue to consolidate📈

⚠️Note that if the price eventually falls below our long defense point, destroying the long structure, then the bullish situation will change.

There are no absolutes in the trading market, anything can happen. We don't have to guess where the market will go. It is more important than anything else to prepare responses to various situations. At the same time, technical analysis can only be used as a reference, please don't forget risk management.💯✔️

let us see. 👀
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