ETH bear signal with 80% confidence—are you brave enough to short this move?



$ETH /USDT - SHORT

Trading plan:
Entry: 1794.04 – 1799.86
SL: 1833.27
TP1: 1769.71
TP2: 1751.55
TP3: 1724.32

Why focus on this setup?
- On the 4-hour timeframe, bearish; the 1-day trend is clearly biased to the downside, with evident EMA suppression.
- The 15-minute RSI is 69.14, nearing the overbought zone—short-term rebound momentum may be fading.
- Current price is 1796.95, close to the short entry range; TP1 at 1769.71, with a reward-to-risk of about 2.3:1.
- Why now? Rebound meets resistance + trend confluence—short-term shorts offer an attractive risk-reward.

Discussion:
For this move, will price reach TP2 at 1751.55 first, or will it bait a long rebound and sweep the SL? Share your thoughts.
ETH2.93%
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