🧠From a structural point of view, the ideal target zone of the bearish structure has been achieved, and it has received good support near the neckline support zone. The rebound has now occurred as expected.
➡️ Unfortunately, the lowest point was $342 away from our second entry point, and it was not triggered. But it is satisfying to be able to make money. The main profit has been locked in, and the remaining positions will look forward to the realization of the resistance zone. Congratulations to friends who follow the wolf king to print money. 💰🍻
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We fell back quickly after reaching the resistance zone, which is very reasonable, because the long structure target of the support zone has been achieved, and it touches the upper resistance zone again, and there is an expectation of a fall, so this decline is completely in line with my expectations, so we set a short limit order in the resistance zone in advance, and congratulations again for a good return.
At present, it is reasonable for us to rebound after entering the overlapping support zone again. Stay on the sidelines for the time being. I need to see a stabilization signal before considering entering a new long trade.
It's the weekend, and the trading volume will be reduced. Have a good rest.☕️
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