7.15 Second candle $ETH short setup

Entry: short from 1885 - 1905
Defensive stop-loss: around 1925
First target: 1860 - 1850
Second target: 1835 - 1815

In the early session, the second candle rode the momentum of a good news catalyst to spike and touched 1896.86, the intraday high. After that, incremental long-side capital was cut off directly, and price started a sustained one-way drop. At the highs, short-term long profit-taking orders concentrated and exited in bulk. On top, trapped positions are heavy; as long as any rebound enters the 1885-1905 pressure zone, it will face a wave of sell pressure knocking down the market. On the daily chart, the higher-level uptrend has not been completely broken, but after a short-term round of violent rallies, indicators are severely overbought and the long momentum is badly exhausted. This falls into a deep pullback cycle after a high-led bull trap. Multiple layers of resistance above keep compressing the price; without large funds entering, it is hard to break through the prior high again. With ample downside room in this pullback, the plan relaxes entry and target ranges. Today’s core idea remains the same: rebound-and-sell at the highs. Build short positions in batches based on the broad resistance band above, and ride the trend to gamble on this round of deep retracement. #PreIPOs第二期OpenAI认购