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Is the last stronghold of the ETH bulls collapsing?
$ETH /USDT - Going SHORT
Trading plan:
Entry: 1782 – 1788
SL: 1815
TP1: 1763
TP2: 1748
TP3: 1725
Why focus on this structure?
- The 1D trend is clearly bearish, and the 4H short signal confidence is as high as 95%
- The 15M RSI is around 55.56; the rebound lacks strength—this is the add-position window
- The current price 1785 is tightly hovering at the short entry zone, with TP1 at 1763 within reach
- Why now? EMA suppression + time-window exhaustion—the odds of a bull-trap are extremely high
Discussion:
Will this wave reach TP2 at 1748 first, or will it fake a breakdown and then pull back to 1807 to trigger a reverse short squeeze?