Ethereum (ETH) Sell Limit at 3880 with Profit Targets and Leverage

I recommend selling Ethereum (ETH) at the limit of 3880 with 15% of my trading balance. I will set a stop-loss at 3950, aiming for a 1.8% loss, but I will not be employing a stop-loss order currently. My profit targets are 3800 and 3550, both of which I believe are achievable levels. I plan to use leverage between 2x and 5x to amplify my trade potential, which increases both the potential rewards and risks. This trading strategy is based on technical analysis signals suggesting a downward trend in ETH. The chosen entry point at 3880 indicates a bearish outlook, especially with the profit targets below the current price. The leverage, while increasing the potential for higher gains, also amplifies risk, so careful position sizing and risk management are crucial. Monitoring market conditions and price movements will be essential to adjust my trade if necessary. Given the defined targets and leverage, this is a short-term trade idea focusing on capturing a downward price correction in ETH. Overall, I am bearish on ETH in this scenario and aim for controlled risk with clear profit levels.