📊#ETH Double Top Structure, Beware of Pullback📉
🧠From a structural perspective, we've formed a bearish double top structure within the red target zone, so be wary of a deeper pullback.
➡️After today's plunge, we retested the weekly neckline support. We're currently in a rebound phase and have encountered resistance at the 4H neckline. Don't chase the rally here! Strong resistance lies around 4300-4400. If price reaches this level, look for shorting opportunities.
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ETHUSDT.P
🧠From a structural perspective, we've formed a bearish double top structure within the red target zone, so be wary of a deeper pullback.
➡️After today's plunge, we retested the weekly neckline support. We're currently in a rebound phase and have encountered resistance at the 4H neckline. Don't chase the rally here! Strong resistance lies around 4300-4400. If price reaches this level, look for shorting opportunities.
🤜If you like my analysis, please like 💖 and share 💬
ETHUSDT.P Trade closed: target reached
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🔥🔥Use the invitation link to register and trade, and you can join the spot VIP club for free.🔥🔥
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.