I'm currently eyeing a strategic long setup based on the Elliott Wave Theory, and here's my complete outlook 👇
📉 Pullback Anticipation:
Right now, I'm expecting a minor retracement — a healthy dip to build momentum for the next wave up. If the price dips to the grey trendline and shows strong bullish reaction, I’ll be looking to enter a long position confidently.
📌 Entry Plan:
🔹 Entry Zone: $3.840
🔹 Stop-Loss: $3.745 (just below the top of Wave 1 to preserve Elliott Wave structure integrity)
🔹 Invalidation Level: If price breaks below the red dashed line, the setup will be invalidated, and I’ll step aside.
🎯 Profit Targets:
✅ First target: $4.100 — a key level where I plan to secure partial profits.
🚀 If momentum continues and the Elliott structure remains intact, I’ll aim to ride the wave to a new All-Time High (ATH).
📢 I’ll be sharing an update once I trigger the entry and the trade goes live. Stay tuned!
📊 Strategy Based on:
Elliott Wave Theory
Key support/resistance zones
Momentum confirmation
🔁 Follow for updates
🔥 Let’s see if ETH is ready to reclaim the $3,800+ levels and break into price discovery!
#ETHReclaims3800
#DELABSBinanceTGE