Started a short positon with a limit ask at 5155. Looking at 4.3k as a target. Entries and stop placement displayed in the chart
Comment:
Added more here at 5042. Looking to take partial at 4800 since everyone is eyeing that level.
Comment:
Bids at 5155 got filled over the weekend and a beautiful reaction so far. Looking to risk off and take partials at 4788 and would like to hold the remaining position towards prior breakout level (4300-4200).
Trade closed manually:
Closing out this trade at a loss. Market conditions changed and I am no longer comfortable shorting.
More blood incoming - looking at the open interest for ETHUSD, traders are still net long on ETHUSD and should price head down further we will see cascades of liquidation. Steer clear and look to bid lower if you would like to enter a long positon.