ETH — Buy the Confluence, Not the Dip

[theSignalyst]

Price is pulling back into a chunky demand block that overlaps the rising channel’s lower trendline and the correction’s (falling wedge) lower rail—a classic confluence. As long as this intersection holds, I expect the up-trend to resume from here.

My plan is simple: wait for a bullish rejection (wick/engulfing or a 4H–1D close back above the blue zone), then ride the bounce. If it triggers, I’ll look up into ~4,350 → 4,600 → 4,900. The setup is invalidated on a decisive daily close below the zone and trendline, which would open a deeper mean-reversion toward ~3,500 → 3,250 first.

Trade the reaction, not the level—confirmation > anticipation.

️ Disclaimer: This is not financial advice. Do your own research and manage risk.

All Strategies Are Good; If Managed Properly!
~Richard Nasr.

[Pitchfork_IS_power]

Beautiful confluence setup that overlapping demand and wedge support zone is a textbook long area love the “confirmation > anticipation” mindset here.