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Everyone is waiting for ETH to bounce, but the 4H chart just screamed SHORT at 95% confidence.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1571.93 – 1578.29
SL: 1605.60
TP1: 1552.24
TP2: 1537.00
TP3: 1514.13
Why this setup?
Why now?
- RSI on 15M is 43.05 — still room to drop before oversold.
- 1D trend is bearish, and ATR on 1H is 12.70 — momentum favors the downside.
- Entry at 1575.11 with TP1 at 1552.24, TP2 at 1537.00 — the path of least resistance is lower.
Debate:
Do you trust a 95% SHORT signal, or is this the fakeout before a squeeze?