It Can "Not" be that Easy. Can it..?

That's likely going through your mind looking at this chart. I know, it occurs to me as well. And it's occurring to every ETH trader that's even glanced at a chart over the weekend. Gives you a moments pause; doesn't it... Am I taking the trade..? Damn right I am. There is no viable "technical" reason not to... Was it too easy on the last 50% pullback..? Was it too perfect? By my eye, I can't ask for a better set up that this... It has all of the critical criteria that I look to find in any trade. 1st question; where does the market prove me wrong. Technically, ETH would have to take out this most recent wave 1 low. But I definitely would like to see the channel hold. And that is closer to the 61.8. The 78.6... that's more risk than I want to take. If I look at the last retracement, I can see glaring evidence of algos in the house. They are written to start buying at the 50%. They'll keep buying all the way to the 61.8. Likely a secondary group to make a last stand at the 78.6. But those pockets are deeper than mine.

Algos are also front runners, as you'll notice on the prior 50% retracement. So entry is just above the 50 with a stop just below the 61.8 for me. Now it's just a matter of putting on just enough size to make the risk worth the reward but not so much size such that I don't sleep well. It appears most likely this trade will be tested over Sunday night. If stopped out, there will other entry points along the route "if" this structure is to hold...

Yes, it looks like a page directly out of an Elliot wave text book... and yes, I'm a crypto bull, Ethereum believer and, in fact, an Ehtereum miner... But as I place my limit orders, what am I reminding myself?
"just another trade, just another trade..."