#ETH Bullish Cup and Handle Structure

📊#ETH Bullish Cup and Handle Structure📈

🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future.

➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it.

➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more.

🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
ETHUSDT.P