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Most traders are shorting ETH into the 4h oversold – here’s why they’re wrong.
$ETH /USDT - LONG
Trade Plan:
Entry: 1800.11 – 1810.95
SL: 1737.84
TP1: 1856.30
TP2: 1890.14
TP3: 1940.90
Why this setup?
• 15m RSI at 34.2 signals local exhaustion of selling pressure.
• Price sitting exactly at 1h pivot (1805.76) with 84% confidence LONG bias.
• Bearish daily trend is the trap – contrarian entry at support catches the squeeze.
• ATR shows tight range (21.7) – breakout likely within 2 candles.
Debate:
Who’s loading the 1800-1810 zone with me, and who thinks we dip to 1737 first?