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Why the 4h chart on ETH just screamed a 95% confidence SHORT that most traders missed.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1627.15 – 1635.41
SL: 1670.95
TP1: 1601.53
TP2: 1581.70
TP3: 1551.95
Why this setup?
- 1D trend is bearish, and 4h momentum confirms the breakdown—this isn’t a fakeout.- RSI on 15m at 56.71 shows a dead cat bounce, not strength.- Entry zone 1627–1635 with TP1 at 1601 is the closest target—why wait for lower?
Debate:
Is ETH’s bounce to 1631 a trap for bulls, or will it reclaim 1660 before the dump?