Short trade

116
Trade Type: Sell-side Trade — ETH/USDT
Date: Friday, May 30, 2025
Time: 4:30 PM — London Session PM
Observed Timeframe: 15min
Entry Day TF

Entry: 2,616.40
Take Profit (TP): 2,508.56 (−4.12%)
Stop Loss (SL): 2,631.81 (+0.59%)
Risk-Reward Ratio (RR): 7.0

📓 Context / Trade Notes:
Market Structure: The trade was initiated following a bearish structure, with price action forming lower highs and lower lows, indicating a downtrend.

Technical Indicators: The RSI on the 15-minute chart displayed a bearish crossover of moving averages, reinforcing the short position.
snapshot

The take profit level at 2,508.56 was determined based on the next significant support zone, aligning with a previous consolidation area.
Trade closed: target reached
snapshot

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