Post
Rafiul
$ETH Closed this short in profit 😄 Should've used 20x instead of 5x, but that's hindsight. Don't copy that part.
Why I took it
Weak macro: US stocks are down, and ETH rarely escapes a risk-off mood.
Suspicious bounce: Price fully recovered from the theft news too fast. It was running ahead of fundamentals.
Flat OI: Price rose with no new positions behind it. That looks like a short squeeze or a thin move, a classic trap.
Outlook: I expect a pullback, or at least a break below the previous low
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