๐จ ETH Elliott Wave Setup: Massive Move Brewing? ๐จ
Iโm closely watching ETH as it sets up for what could be a monster rally, based on classic Elliott Wave Theory ๐
Hereโs my step-by-step plan ๐
๐ The Setup:
A minor pullback is expected โ a healthy correction to gather momentum. If ETH touches the grey trendline and shows bullish strength, Iโll jump into a long position.
๐ฉ Entry Zone: $3.840
๐ Stop-Loss: $3.745 (just below Wave 1 top โ crucial to preserve Elliott Wave structure)
โ Invalidation Level: If price breaks below the red dashed line, the structure breaks โ trade idea scrapped.
๐ฏ Profit Plan:
๐ First target: $4.100 โ a resistance zone where Iโll take partial profits.
๐ If the bullish wave continues, Iโll ride the move to a potential new ATH!
๐ Strategy Powered By:
Elliott Wave Structure
Key Support/Resistance
Momentum Confirmation
๐ข Next Move: Iโll post a live update when the trade is triggered โ stay tuned!
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