H/USDT on the 4-hour chart, is this position a bull trap?



$H /USDT - SHORT

Trade Plan:
Entry: 0.06905 – 0.06999
SL: 0.07402
TP1: 0.06614
TP2: 0.06389
TP3: 0.06052

Why pay attention to this structure?
Current price 0.06952, EMA and RSI (15M 51.62) are in a neutral-to-weak range. The 1-day trend is oscillating, but the 4-hour bearish signal is clear (confidence 55.4%). Key resistance at 0.06999, if it breaks below 0.06905 with volume, bears accelerate to TP1 0.06614. Why now? RSI is not oversold, and ATR 0.001875 shows moderate volatility, suitable for short-term short setups.

Discussion:
Will this wave first reach TP2 0.06389, or will it first bounce to lure bulls?
H0.62%
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612Ceros
· 2h ago
This structure looks like a real bull trap, but I'm a bit afraid to enter because the resistance at 0.06999 hasn't been tested strongly yet.
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