Based on the VCP pattern perspective, each pullback will shrink to half of the previous one. If there is another pullback, go short at the intersection of the downtrend line and resistance, with a stop loss at 5-6% pullback.
EXmagnum
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#ETH
From my perspective, ETH is forming a relatively steep VCP pattern, and it is about to complete the fourth pullback. Each pullback in magnitude and trading volume has indeed been decreasing, and the chips are gradually concentrating. But will this be the last pullback?
Only when the trend line achieves a volume breakout will it be the right time to confidently go long.
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