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Most traders are buying ETH right now—that’s exactly why I’m SHORT with 95% confidence.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1605.66 – 1612.84
SL: 1643.73
TP1: 1583.39
TP2: 1566.15
TP3: 1540.29
Why this setup?
4H chart is screaming bearish: RSI on 15m is still elevated at 67.97, meaning the bounce is exhausted. Price is hugging the 1H pivot at 1,609.30, and the 1D trend is already bearish. With ATR at 14.36, a move to TP1 (1,583) is the path of least resistance. Why now? The “Waiting” status means the entry is alive—but the clock is ticking before invalidation at 1,621.83.
Debate:
Are you fading this high-conviction SHORT or waiting for a fakeout to 1,621 first?