Hello fellow traders,
I’m opening a risk-entry short position on ETH with a 1:10 risk-to-reward ratio. This is a speculative entry based on early signals rather than full confirmation, so proper risk management is key.
Reasons for the trade:
I’m opening a risk-entry short position on ETH with a 1:10 risk-to-reward ratio. This is a speculative entry based on early signals rather than full confirmation, so proper risk management is key.
Reasons for the trade:
- Price is showing signs of exhaustion after the recent move, indicating a possible short-term reversal.
- Momentum indicators are weakening, suggesting bullish strength may be fading.
- Key resistance level is holding, and the market has not shown strong follow-through above it.
- Market sentiment appears to be shifting, with increasing hesitation at higher levels.
This is a high-reward but higher-risk setup, so I’m keeping my position size controlled and will be quick to exit if invalidated.
Trade active
Manually closed the second entry before NVIDIA earnings
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.