Shorting ETH is not always a bad idea.

🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 2605.17 – 2609.77
TP1: 2562.11 (-1.7%)
TP2: 2531.86 (-2.9%)
TP3: 2486.50 (-4.6%)
SL: 2667.96 (+2.3%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Caution: counter-trend idea backed by 6 signals only. Smaller size, hard stop.

Why SHORT? Leaning call, 6/12 signals agree, 2 against, 4 undecided.
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• Trend strength (ADX/DI, 15m): ADX 58.8 with sellers in control (DI+ 4.1 vs DI− 51.8) → sellers are driving the move
• BTC backdrop: BTC trend is bearish and correlation is 0.83 → BTC is falling and this coin tends to follow
Risk: 1h RSI: 17.7, oversold: weak but stretched → price is washed out, bounces are common from here

Q: Why short when the daily trend is up.
A: The 1h bearish stack shows price below EMA50 and EMA200, so the short-term trend is down.

Q: Why not wait for a lower entry.
A: The 1h RSI is 16.82, which means price is already oversold and a bounce is possible.

Where do you take profits on this ETH short.

Levels mapped on the chart below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.