📉 ETH 4-hour overbought warning, short-selling opportunities emerging!
Main short-selling reference positions:
Position 1: Near 3050 USDT, close to recent highs, and also an integer resistance level, likely to trigger selling pressure.
Position 2: 4000 USDT — Key psychological integer level, difficult to break through, high probability of triggering profit-taking.
Stop-loss level:
4050 USDT — Once effectively broken, it will confirm the continuation of bullish momentum, shorts need to exit in time.
Two classic ways to short:
1️⃣ High touch short: Try a light short at the phase high with a stop-loss. If successful, the profit is substantial, and if it hits the stop-loss, there's no need to regret.
2️⃣ Trend short: Wait for a 4-hour overbought condition to completely turn into a bearish trend on a smaller timeframe (like 5 minutes) before entering, which offers higher certainty.
💡 Core idea: “Touching the top” at key resistance can capture short-term drops; however, if seeking stability, wait for trend confirmation before shorting for a better win rate.