Dear Binancian
(ETHUSDT on Binance, 1D timeframe), here are key observations to help set up a short trade:
Technical Summary:
Price: $2,543.81
Recent High: $2,624.84
MACD: Strong bullish momentum, but a possible peak
RSI (6): 84.70 — Overbought
MA Levels:
MA(7): $2,356.33 (support)
MA(25): $1,933.11
MA(99): $2,084.29
Short Setup Idea:
Entry:
Consider shorting around $2,550 - $2,570 range (near resistance/previous high)
Leverage 10x
Stop Loss:
Above the recent high at $2,630 to avoid getting stopped on a wick
Take Profit Zones:
TP1: $2,414 (recent support / near MA(7))
TP2: $2,250 (stronger support from previous consolidation)
TP3: $2,085 (MA(99) level)
Risk-Reward Example:
Entry: $2,560
Stop: $2,630
TP1: $2,414
TP2: $2,250
TP3: $2,085
Caution:
This is a counter-trend trade; momentum is still bullish.
Wait for a bearish candle (confirmation) before entering.
Manage your risk strictly with position sizing and stop-loss discipline.
