when the majority is back into longs, that is when i take profit on mine.
looking to short eth closer to 4500, with a down side target of $3666
it very well could go much lower if this is indeed setting us up for a wave 3 impulse to the downside.
i'm only targetting the 100% extension to be safe.
i don't care about catching the entire move on my trades, just a portion of it will suffice.
Short - $4500
Target - = $3700
Trade safe!