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Nobody’s talking about the 4H trap on ETH that just confirmed a 95% short bias.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1703.74 – 1709.10
SL: 1732.13
TP1: 1687.14
TP2: 1674.29
TP3: 1655.01
Why this setup?
• RSI on 15m sits at 51.33 – neutral, not overbought, giving shorts room to run.
• 1D trend is bearish, and ATR on 1h is 10.71 – volatility is alive for a breakdown.
• Entry zone at 1706.42 with TP1 1687.14, TP2 1674.29, TP3 1655.01 – downside is 3%+ from here.
Debate:
Are you fading this rejection at 1706 or waiting for a retest of 1709 before pulling the trigger?