$ETH /USDT โ shorting ETH isn't always a bad idea.
Bias: SHORT ยท Leaning, not conviction.
Entry: 2607.22 โ 2611.82
TP1: 2564.13 (-1.7%)
TP2: 2533.85 (-2.9%)
TP3: 2488.45 (-4.6%)
๐ SL: 2670.06 (+2.3%)
How I'm playing it:
Only enter inside the zone โ no chasing. Take half off at TP1, then slide my stop up to entry so the rest rides clean.
Caution: This is counter-trend, and it's backed by 6 signals only. Smaller size and a hard stop โ no widening it if price runs against you.
Why I'm leaning short:
โข 1h: price < EMA50 < EMA200 โ bearish stack, short-term trend is down
โข 15m ADX/DI: ADX 58.8 with sellers in control (DI+ 4.1 vs DIโ 51.8) โ that's an extreme reading, sellers are driving hard
โข BTC backdrop: bearish trend and 0.83 correlation โ BTC falls, this follows
What's working against me:
1h RSI is at 17.7. That's deeply oversold. Price is washed out, and bounces from readings like this are common โ sometimes violent ones. That's the main risk here, and it's why I'm taking half at TP1 instead of holding for TP3.
Fair questions:
Why short when the daily is up? Because the 1h bearish stack has price below both EMAs, so the short-term trend is down. I'm trading the timeframe I'm looking at, not the daily.
Why not wait for a lower entry? Because RSI at 16.82 means price is already oversold. Waiting for a lower fill risks missing the move entirely if it bounces first.
Where do you take profits on this #ETH short?
Bias: SHORT ยท Leaning, not conviction.
Entry: 2607.22 โ 2611.82
TP1: 2564.13 (-1.7%)
TP2: 2533.85 (-2.9%)
TP3: 2488.45 (-4.6%)
๐ SL: 2670.06 (+2.3%)
How I'm playing it:
Only enter inside the zone โ no chasing. Take half off at TP1, then slide my stop up to entry so the rest rides clean.
Caution: This is counter-trend, and it's backed by 6 signals only. Smaller size and a hard stop โ no widening it if price runs against you.
Why I'm leaning short:
โข 1h: price < EMA50 < EMA200 โ bearish stack, short-term trend is down
โข 15m ADX/DI: ADX 58.8 with sellers in control (DI+ 4.1 vs DIโ 51.8) โ that's an extreme reading, sellers are driving hard
โข BTC backdrop: bearish trend and 0.83 correlation โ BTC falls, this follows
What's working against me:
1h RSI is at 17.7. That's deeply oversold. Price is washed out, and bounces from readings like this are common โ sometimes violent ones. That's the main risk here, and it's why I'm taking half at TP1 instead of holding for TP3.
Fair questions:
Why short when the daily is up? Because the 1h bearish stack has price below both EMAs, so the short-term trend is down. I'm trading the timeframe I'm looking at, not the daily.
Why not wait for a lower entry? Because RSI at 16.82 means price is already oversold. Waiting for a lower fill risks missing the move entirely if it bounces first.
Where do you take profits on this #ETH short?
