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Everyone’s still buying the dip on ETH—but the 4h chart just whispered something darker.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1693.33 – 1703.39
SL: 1746.61
TP1: 1662.17
TP2: 1638.04
TP3: 1601.86
Why this setup?
- 1D trend is bearish, and ETH is hovering near a key 4h resistance at 1698.
- RSI on the 15m is at 60—not oversold, still room to drop.
- ATR shows volatility is tight; breakdown below 1693 could trigger a fast slide toward TP2 at 1638.
- Why now? The 95% confidence SHORT signal is waiting for the exact rejection.
Debate:
Are you betting on a fakeout above 1703 or loading shorts for the dump to 1638?