Is this ETH rebound a trap or a precursor to a reversal?



$ETH /USDT - SHORT

Trading Plan:
Entry: 1738.46 – 1744.36
SL: 1769.72
TP1: 1720.18
TP2: 1706.02
TP3: 1684.79

Why focus on this structure?
- The 4-hour trend is clearly bearish, and the daily chart remains a bear market structure, a 95% high-confidence SHORT signal.
- The current price is tightly pressing against the 4-hour EMA resistance, with RSI(15m) at only 42.01, showing insufficient rebound momentum.
- ATR indicates narrowing volatility, key resistance at 1745.56 remains unbroken, bears are gathering strength.

Discussion:
Do you think ETH will first hit TP1 at 1720, or will it spike upward to trap bulls?
ETH0.44%
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