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Most traders are ignoring the ETH bullish divergence that just flashed.
$ETH /USDT - LONG
Trade Plan:
Entry: 1663.81 – 1678.83
SL: 1577.65
TP1: 1741.57
TP2: 1788.41
TP3: 1858.66
Why this setup?
While the daily trend is bearish, the 4h timeframe shows an 84% confidence long signal at 1671.32. RSI on the 15m is at 40.44—oversold territory on a higher timeframe setup. The ATR of 30 suggests a breakout is imminent. Why now? Entry is tight between 1663.81 and 1678.83, with a 1:3 risk-reward to TP1 at 1741.57.
Debate:
Is this a fakeout trap before the daily bear trend resumes, or the start of a 10% pump to TP3 at 1858?