$ETH Is This the Perfect Entry Point or a Trap?

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ETHUSDT.P

On the chart we can see that the correction I mentioned earlier is underway.

The price is now at the Fibonacci level, which could be the reversal point of this movement.

Also, the price may go a little lower to gain more volume at the support level.

After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop.

Entry data:
Entry: 2580
SL: 2468
TP: 2952