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At present, the 1.902 Crab pattern has been clearly completed on the chart, and it is therefore a point where entering a long position can be considered. This pattern suggests a strong rebound potential within the PRZ (Potential Reversal Zone), and particularly, the fact that point D in the X-A-B-C-D structure precisely aligns with the 1.902 Fibonacci ratio increases its reliability. This serves as an important signal that indicates the possibility of buying pressure inflow in an oversold zone.
Assuming the validity of this Crab pattern, three major take-profit targets can be established based on Fibonacci extension and Elliott Wave counting.
First Target: 106611
This zone overlaps with the 38.2% Fibonacci retracement level of the previous downward wave, and if a short-term rebound occurs, it is likely to act as the first resistance. It is a price level where partial profit-taking can be considered for the sake of avoiding quick stop-outs and for risk management.
Second Target: 107123
The second target corresponds to the average retracement level that the Crab pattern typically reaches. It also converges with the previous high, where relatively strong selling pressure may appear. Therefore, a strategy of taking profits on approximately 50–70% of the position is valid.
Third Target: 107600
The final target can be seen as the maximum expected zone of an extended rebound from a structural standpoint. This area may coincide with a momentum zone formed upon breaking the previous high. However, as this is a zone where strong selling pressure can occur, close monitoring and the application of a trailing stop are recommended.
In addition to technical analysis, it is important to confirm the validity of the entry by examining candlestick patterns and volume trends. Especially, the appearance of strong reversal candlesticks and rising volume at point D can further enhance the credibility of the buy signal.
With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.
🔔 Follow us to never miss a market update.
At present, the 1.902 Crab pattern has been clearly completed on the chart, and it is therefore a point where entering a long position can be considered. This pattern suggests a strong rebound potential within the PRZ (Potential Reversal Zone), and particularly, the fact that point D in the X-A-B-C-D structure precisely aligns with the 1.902 Fibonacci ratio increases its reliability. This serves as an important signal that indicates the possibility of buying pressure inflow in an oversold zone.
Assuming the validity of this Crab pattern, three major take-profit targets can be established based on Fibonacci extension and Elliott Wave counting.
First Target: 106611
This zone overlaps with the 38.2% Fibonacci retracement level of the previous downward wave, and if a short-term rebound occurs, it is likely to act as the first resistance. It is a price level where partial profit-taking can be considered for the sake of avoiding quick stop-outs and for risk management.
Second Target: 107123
The second target corresponds to the average retracement level that the Crab pattern typically reaches. It also converges with the previous high, where relatively strong selling pressure may appear. Therefore, a strategy of taking profits on approximately 50–70% of the position is valid.
Third Target: 107600
The final target can be seen as the maximum expected zone of an extended rebound from a structural standpoint. This area may coincide with a momentum zone formed upon breaking the previous high. However, as this is a zone where strong selling pressure can occur, close monitoring and the application of a trailing stop are recommended.
In addition to technical analysis, it is important to confirm the validity of the entry by examining candlestick patterns and volume trends. Especially, the appearance of strong reversal candlesticks and rising volume at point D can further enhance the credibility of the buy signal.
📢 공식 채팅방에서 트레이딩뷰 프리미엄 1년 구독권 1000만원 가량 이벤트 중 입니다. (이벤트 기간 : 07.01 09시까지)
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📢 공식 채팅방에서 트레이딩뷰 프리미엄 1년 구독권 1000만원 가량 이벤트 중 입니다. (이벤트 기간 : 07.01 09시까지)
아래를 참고해주세요 👇
t.me/SeoVereign_Chat
📢 Join our SeoVereign Telegram group!
It's a global group — let's keep it in English!
Details below 👇
t.me/+Sd_TSg2IX3k4
아래를 참고해주세요 👇
t.me/SeoVereign_Chat
📢 Join our SeoVereign Telegram group!
It's a global group — let's keep it in English!
Details below 👇
t.me/+Sd_TSg2IX3k4
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.