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Everyone is buying the pullback of $ETH /USDT — while I am paying attention to the other side of the trade.
$ETH - Short
Trading plan:
Entry: 2020.062257 – 2032.75917
Daily chart shows a bearish trend + 4-hour short bias (53% confidence) = weakening momentum. The 15-minute Relative Strength Index (RSI) is at 55.6, not yet oversold. The Average True Range (ATR) indicates volatility contraction, so the real trend might break below 2009.
The entry at 2019 is right in the critical zone.