ETH short signal strength 95%, is this time different?
$ETH /USDT - SHORT
Trade Plan:
Entry: 1782.48 – 1790.28
SL: 1823.83
TP1: 1758.29
TP2: 1739.56
TP3: 1711.47
Why focus on this structure?
- Bearish trend confirmed on 4H, daily trend clearly downward.
- RSI(15m) 58.78, not yet overbought, still room for downside.
- ATR(1h) 15.6, indicating moderate volatility, suitable for entry.
- Key resistance 1786-1790, price is near, with excellent risk-reward ratio: TP1 1758, TP2 1739, SL 1823.
Discussion:
Do you think ETH will directly drop to TP2, or will it first bounce to trap bulls before falling?