Wolf king
2 min readAug 30, 2024

BTC, ETH rebound has materialized, beware of pullback

📊 #BTC blocked by resistance zone, next?

🧠We started to fall back after approaching the resistance zone. We are currently in the target zone of the small short structure, and there is an expectation of rebound, so it is unreasonable to chase shorts in the buy zone.

➡️If we can get back near the resistance zone again, we can try to place some short orders, and the profit-loss ratio will be better.

📊#ETH goal achieved ✔️

🧠 From a structural perspective, the goals of the double bottom long structure have been fully achieved, so there is an expectation of a callback. As the upward trend support line is broken, it means that the previous period of rise is over, so we need to be alert to the risk of further decline. 📉

➡️The long order we got on the 28th was also hit and closed after the stop loss was moved up. However, we have already reduced our holdings twice, and the overall profit is still very generous. Congratulations to all the friends who followed Wolf King to print money. 💰🍻

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Wolf king
Wolf king

Written by Wolf king

Thank you for following!I am an accurate and fierce spot and futures trading strategist.Follow me and print money, find me on TG:@wolf_king8

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