Instrument: ETHUSDT
Time Frame: 30m
Exchange: Bitget
Trading Type: Swing Trading
Let's take a look at an Ethereum short strategy.
I will set up a short position, anticipating bearish resistance at the trend retest and the supply zone.
However, this strategy is quite high-risk as it heavily depends on how Bitcoin performs.
The stop-loss (SL) will be set slightly above the recent high at 3337.