ETH/USD: Intraday Short Play – Catching a Quick Dip Before the Next Leg Up! 📉🚀

ETH/USDShortIntraday5d ago4 views

Trade Setup

Entry Price

2178.00

Stop Loss

2230.00

Take Profit

2048.00

Risk : Reward

1 : 2.50

RiskReward

Hey fam! Dhruv here from Chennai, always hunting for those sweet market moves! 🌊 ETH has been looking super bullish lately, currently at 2167.35 and showing a nice 0.45% gain today – the energy is definitely there! 💪 But sometimes, even the strongest rockets need to refuel, right? 😉

The Tactical Short Setup 🎯


While I'm generally super bullish on ETH and crypto overall (Wen lambo?! 🚗💨), I'm spotting an aggressive intraday short opportunity here. We've been bouncing around the 2210.697 resistance area, which is the day's high, and pushing towards the 2200 psychological resistance. My read is we might see a quick rejection and some profit-taking after this recent run. I'm looking to enter a short around 2178, eyeing that temporary exhaustion. This isn't a long-term bearish call, just a quick scalp!

Risk & Reward Game Plan 🛡️💰


For this play, my Stop Loss is set tight at 2230, just above the current resistance levels and recent highs. This keeps my risk defined because, let's be real, ETH can rip! My Take Profit target is 2048. I'm looking for a

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