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Everyone’s calling ETH dead—but the 4h chart just whispered a secret that 99% missed.
$ETH /USDT - LONG
Trade Plan:
Entry: 1649.03 – 1656.55
SL: 1605.85
TP1: 1688.00
TP2: 1711.47
TP3: 1746.67
Why this setup?
The daily trend is bearish, but the 4h EMA structure shows a clear compression zone near 1653. RSI on the 15m is deeply oversold at 26.97—historically a reversal trigger. With ATR at 15 on the 1h, a squeeze is imminent. Why now? The entry zone (1649–1657) aligns with a major liquidity grab, and our 84% confidence LONG signal suggests the trap is set for a snap back to TP1 (1688) and beyond.
Debate:
Is this the dead cat bounce before the dump, or the real reversal that catches the bears off guard?