ETH August 22 Short Position Opening

Opening Plan 4350 20% Position for Short. If it rises to around 4450, increase by 10% for Short. Stop loss at 4550.

Expected first take profit at 4050 Close half. Looking down at 3800-3900.

Reason for opening: A large amount of staking continues to queue, options volatility ratio around 0.3, considering options are mainly for institutional hedging. Also, a significant rise would require market makers to cover huge payouts. The main force is unlikely to push up recently. Moreover, one week later, the pain points are all below 4000, with medium to high attraction.

Slowly reshape your underlying trading logic and strategy for this market. I wonder if the trading logic and experiences from other markets can be useful in this market. Gradually refine. Greed and fear are always present.