Everyone’s watching ETH’s bounce—but the 4h chart just whispered a trap.


$ETH /USDT - SHORT
Trade Plan:
Entry: 2309.931866 – 2313.559626
SL: 2329.158998
TP1: 2298.685807
TP2: 2289.979181
TP3: 2276.919242
Why this setup?
RSI on 15m is 32.94 (oversold), but the 4h bias is SHORT with 77% confidence. Price is hugging 2311—just above TP1 at 2298. Range-bound 1D trend means momentum is weak. Why now? ATR shows tight 14 volatility—break below 2309 confirms the slide to 2289 (TP2).
Debate:
Are you fading the oversold bounce or stacking shorts into TP2?
$ETH ‌#GateSquareMayTradingShare
ETH-1.86%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin