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Everyone thinks ETH is bottoming—here’s why ETH is about to drop another 6%.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1558.59 – 1568.59
SL: 1611.60
TP1: 1527.58
TP2: 1503.58
TP3: 1467.57
Why this setup?
• 1D trend is bearish, and the 4h MTF confirms SHORT with 95% confidence.
• RSI on 15m at 54.71 shows no oversold bounce—just a dead cat.
• Entry zone is 1563.59, with TP1 at 1527.58 and TP2 at 1503.58—that’s a quick -2.5% to -4%.
• ATR on 1h is 20.00, meaning volatility is tight—breakdown is imminent.
Debate:
Are you shorting ETH into TP2 or waiting for a fakeout bounce?