I was an E-guard for a few days, but today I opened a short position on ETH.
Not because of bearish sentiment, but because three objective signals on the Binance futures panel have formed a high-risk structure.
Signal One: Long positions are extremely concentrated
Long positions account for 74.65% (short positions only 25.35%)
Open interest is 1.88 million contracts
When the vast majority of people stand on the same side, the market loses its counterpart - any slight movement could trigger a stampede.
Signal Two: MACD shows a top divergence
Price reached a new high of $3,027
But the MACD histogram has turned from red to green, with decreasing momentum.
This indicates that the rise lacks intrinsic power and is merely moving forward by inertia.
Signal Three: Increased volume with stagnant prices, bulls are holding firm
Funding rate is still positive (+0.02%/8h)
Bulls are paying interest to maintain positions but cannot push the price.
A typical case of being at the end of a strong bow, I will go in and get stuck for now. Recently, trading really has reached a point where it's easy for me, and I can win every time.
