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Is this the final frenzy for ETH longs? If 1800 can’t hold, it collapses
$ETH /USDT - Go short SHORT
Trading plan:
Entry: 1798.14 – 1802.92
SL: 1823.49
TP1: 1783.31
TP2: 1771.83
TP3: 1754.60
Why focus on this structure?
- The 4-hour SHORT signal is activated; the 15-minute RSI has already reached 63, indicating short-term overheating.
- The daily chart is still ranging, but 1800.53 is the key resistance right now—once it breaks below, the selloff will accelerate.
- Why now? RSI has pulled back from the overbought zone, and with low ATR (9.56), it’s ideal for setting up short orders.
Discussion:
For this SHORT, do you place your order at 1800.53, or wait for a breakdown below 1798 before chasing?