Is ETH Long the Last Straw, or a Trap?



$ETH /USDT - SHORT

Trade Plan:
Entry: 1772.63 – 1781.07
SL: 1817.39
TP1: 1746.44
TP2: 1726.17
TP3: 1695.77

Why Focus on This Structure?
- The 1D trend is clearly bearish, with a 95% confidence SHORT signal on the 4H timeframe, and a bearish EMA alignment suppressing price.
- The 15M RSI is only 39.78, showing weak bounces, and the ATR of 16.89 indicates limited volatility, making it hard to break resistance in the short term.
- Entry near current price 1776.85, targeting TP2 at 1726.17 with SL at 1817.39, offering a reasonable risk-reward ratio.
- Why now? RSI is not oversold, bearish momentum hasn't exhausted, so going short with the trend gives a higher probability of success.

Discussion:
Will it hit TP2 first, or will there a bullish trap and a bounce that takes out the stop loss?
ETH-1.75%
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