Why smart money just loaded ETH shorts at 1649—retail is still buying.



$ETH /USDT - SHORT

Trade Plan:
Entry: 1644.58 – 1653.90
SL: 1693.93
TP1: 1615.72
TP2: 1593.37
TP3: 1559.85

Why this setup?
• 4h structure flipped bearish with 95% confidence—this isn't a guess.
• RSI at 58 on 15m shows a dead cat bounce, not a reversal.
• TP1 at 1615 is 2.1% away; TP2 at 1593 is the real magnet.
• Daily trend is bearish: the path of least resistance is down.

Debate:
Are you shorting from here, or waiting for a retest of 1653?
ETH-1.35%
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