ETH Has gone up too fast. It will likely hit a resistance at around $1,500 This will be a good time to look for a short entry. Only short on the way down when the trend reverses.
Your Entry Will Be $1,500 Target will be 850ish area Potential 40% Profit Stop loss will be $10.00 over the high. So if its $1,500 your stop loss will be $1,510
Risk will be $10 depending on how you time the top Reward will be $650+ The actual trade may take 1-3 days.
Kommentar
⋅
Shorting Is Extremely Dangerous -> And Can lead to liquidation of accounts. You must only trade a small percentage of your account when shorting. Also you must be quick to cut the position. One of the biggest mistakes traders make is that they hold onto losing positions which then in turn become bigger larger and potentially account killing positions. Your stops must be honored.
Kommentar
⋅
Entry Short @ $1,259
Trade ist aktiv
⋅
Triggered Entry Trade Active
Kommentar
⋅
The Target And Time Frame At A Closer 4 Hour Chart
Kommentar
⋅
STOPLOSS $1,401
Kommentar
⋅
Not the best risk reward ratio, but this trade can be re-entered here. The risk reward ratio is worse due to the late entry.
Kommentar
⋅
So far so good.. Looking for a little more continuation to the downside. We should be about $200 in the money per share. My target is around $1000
Kommentar
⋅
We are experiencing a pull back -> Sometimes you can choose to lower your share size at entry or close the short all together at entry to avoid losses. I usually allow the trade to do the full move and hold through the pull back without exiting the position. Our target is still $1,000 and our stop loss is over $1,400
Kommentar
⋅
So far ETH has not done anything wrong. I still think we have more chance of going down then up. Lucky for us we have set stop losses to ensure that we are always trading properly. So long as we follow our rules we will be consistent and disciplined. Good luck traders.
Just a few words how you would actually short it? Is it only possible when holding the actual ETH and selling it at $1500 then buying it at $850? Or is there some type of platform that you can bet against ETH? Much appreciated!
TheCryptAlpha
⋅
@keerusha, For some reason I am unable to make comments, Your allowed to short on your trading platform in your exchange. Its a service that they offer.
jrodriguez1114
⋅
@TheCryptAlpha, I thought the only way to short ETH is to sell the future contracts on it. I also am not even sure if that is possible yet
TheCryptAlpha
⋅
@jrodriguez1114, You can short on your platform - Your exchange should allow you to margin trade. You just sell then buy back at a later time for a different price, and either pay or keep the difference.