The support around 2400 failed to hold; there was no consolidation, and no trading signals appeared.
Therefore, I will be watching the next support zone of 1800-2111. #Wolf_king88 $ETH
Wolf_king88
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弱気相場
The liquidity at the low point didn't react strongly after being absorbed, and the price broke through the support zone, thus turning the support zone into a resistance zone.
Since we've continued the trend of the descending triangle, in the short term, we should first focus on the next support (S/R). Look for some bullish signals here.
Some people asked me why I don't short in a downtrend. Because no shorting signals that meet trading expectations have appeared, I have to give up. If you don't want to go long, then patiently wait for the support around 2000 before participating in long trades.$ETH {future}(ETHUSDT)
After reducing my holdings once, my position is smaller, so even if the SL event is triggered, I won't lose much.
Wait patiently to see if there will be a strong rebound.
If there isn't a strong rebound, then patiently wait for support around 74,000. Once it reaches that level, there should be at least a $5,000 rebound. #Wolf_king88 $BTC
🧠From a structural perspective, we have broken through the 0.4353-0.5353 resistance zone, which will now become a support zone. If we can stabilize in this area (consolidating sideways for a period of time, patiently observing and waiting for the formation of a PA pattern or structure), then there is a possibility of continued upward movement.
➡️However, there is a bearish double top structure here, so chasing the price upward at this point is not very cost-effective. If the strength of this structure continues, then we can look for opportunities to buy at the overlapping support zone below.
⚠️This coin is a leading football coin. The 2026 World Cup will start in the summer and enter the finals in December, so there is sufficient expectation for speculation, making it very worthwhile to pay attention to.
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🧠As long as the low point isn't broken, we still expect a rebound, so we can try some spot trading here.
➡️If the low point is broken, it means the continuation of the triangle pattern. Then we can buy back in at the overlapping support zone around 2000, which is where we bought last time.
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From a structural perspective, we are currently near the resistance zone (S/R), thus facing a risk of pullback.
However, we have broken through the downtrend line, indicating that the downtrend may have ended and the downtrend line will now act as a support line. If the price retests this trend line, it would present a very worthwhile opportunity to go long.
I hope this scenario will happen. #Wolf_king88 $BOME
🧠From a structural perspective, it's reasonable for us to encounter resistance and pull back near the resistance zone. However, the fact that it fell back before reaching the 90599 resistance level I'm watching indicates that the volatility reaction occurred ahead of schedule. If we continue to rise according to the current structure, then the resistance levels we should pay attention to are around 91888 and 94000.
➡️If we fail to continue the bullish momentum and instead retest the yellow support zone below (85400-87300), then this will be a worthwhile area to consider for going long.
⚠️This week is the FOMC meeting, so rapid fluctuations are reasonable. Please be sure to manage your risk.
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🧠From a structural perspective, we are still consolidating sideways within the blue resistance zone, currently finding support at the lower edge of this area and starting to rebound. Further rebounds require a stabilization signal, so patience and caution are necessary.
➡️From a chart perspective, a bear flag pattern appears to have formed here, and the price has broken below the lower edge of the flag. Therefore, after the rebound, we can look for shorting opportunities.
➡️From a time perspective, the sideways consolidation here has lasted long enough, so we still have a chance to test the resistance near $100,000.
Let's see 👀
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