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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