Springyy

ETH Short Idea

Kort
Springyy Uppdaterad   
MEXC:ETHUSDT.P   ETH / Tether PERPETUAL FUTURES
Looking for shorts at the 1600 level as seen in the pic if the market gives an early week scam pump.

Would be a nice backtest of the HTF trendline that we broke under recently & a squeeze of late shorts.

Trade is clearly mapped out.

Let's see.
Kommentera:
Fake BTC ETF news = early week scam pump.

Got in with half-size at around 1610s.

Invalidation above 1640.

Let's see.
Kommentera:
Scaled out half (so now 25% in) and moved stops to breakeven.

Me thinks we could see that big 1640 wick get partially (if not fully) filled before heading lower down.

Let's see.
Kommentera:
Wick filled. Scaled back in short at 1620s.

Clean break above 1640s = invalidation.

Let's see.
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