π¨ ETH made $350 profit in just 30 minutes? Letβs break down why our SHORT analysis from this morning played out exactly as expected using the EMA strategy ππ₯
As we discussed in the community this morning, our SHORT idea followed the EMA structure and played out as expected. π
πΉ Step 1: ETH pushed up into the resistance area, but the bullish momentum started to weaken.
πΉ Step 2: Price was rejected and moved back below the fast EMA (EMA20), showing that short-term momentum was changing.
πΉ Step 3: Instead of immediately recovering above the EMA20, price stayed below it. The EMA then started acting as dynamic resistance.
πΉ Step 4: This gave us further confirmation that sellers were taking control, increasing the probability of a move toward the next EMA/support levels.
π Key lesson:
Donβt trade based on one candle. Use the EMA structure to understand momentum:
Price below EMA -> Retest fails -> EMA acts as resistance -> Bearish momentum confirmation π
That is why we were looking for a SHORT opportunity this morning. Always wait for confirmation and manage your risk carefully.
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