Where is the final line of defense for ETH bulls? 1796 is a bear trap.



$ETH /USDT - SHORT

Trading plan:
Entry: 1793.8 – 1799.2
SL: 1822.3
TP1: 1777.1
TP2: 1764.2
TP3: 1744.8

Why focus on this structure?
- The daily trend is clearly bearish; the 4-hour EMA resistance is rolling over—sell on any rebound. - RSI 15m is 58.23; it’s not overbought, but the 1-day bearish structure hasn’t broken—any rebound is a trap. - The 1796–1799 range is the bearish entry window: TP1 1777, TP2 1764, stop-loss 1822, and the risk-reward ratio is perfect.

Discussion:
Will this move first wick down to TP2 and then rebound, or will it break below 1744 directly?
ETH0.35%
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