ETH Short Triggered — Here’s Why It Still Makes Sense

Trade Breakdown – 🧠
🔹 Timeframe: 1H / 15min Trendline Focus
🔹 Position: Short

🎯 Cycle Overview:
• HWC (High Wave Cycle): Bullish 🔼 (but not strongly)
• MWC (Medium Wave Cycle): Ranging 🔁
• LWC (Low Wave Cycle): Weakly Bearish 🔽

Since this position is against the HWC (High Wave Cycle), I’ve reduced my risk. However, because the HWC is not strongly bullish and the MWC (Medium Wave Cycle) is ranging, taking a short position is still a valid option — as long as risk is properly managed. ⚠️

📈 Trendline Setup:
There are two key trendlines:
• Lower trendline on the 1H timeframe
• Upper trendline on the 15min timeframe

Both have 4 touches, which increases the probability of a breakout. I focus on breakouts in my strategy, so the number of touches matters.

The price was currently reacting to the lower trendline. Since it matched my breakout trigger, I entered short — but reduced my risk because it’s against the primary trend (HWC).

⚡ Also remember:
Trendlines that align with the main cycle direction tend to give stronger moves. So don’t just look at timeframe — the breakout direction matters too.

🔍 Volume & Price Action:
We've been ranging for 14 days, which builds potential energy for a sharp move.
The last touch on the trendline had a weak reaction, and volume is declining — which often signals an upcoming breakout.

🎯 Trade Details:
• Entry: 1798
• Stop Loss: 1802
• Target: 1750

🧠 Summary:
This setup matches my strategy criteria: clean touches, breakout trigger, weak reaction at the trendline, and volume confirmation. Despite being counter to HWC, risk was minimized accordingly.

Without proper risk management, you're just a ticking time bomb⚠️
— PXA 📊

Trade active

We’ve reached R2 — moving the trade to risk-free

Trade closed: target reached

We can partially close the position here and lock in some profits, as the price has shown a solid reaction. Personally, I’m taking partial profit at this level, but I’m keeping the rest of the position open to catch further moves

parsa_xa

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