ETH has a 4-hour top divergence—what are the shorts waiting to do?



$ETH /USDT - SHORT to sell

Trading plan:
Entry: 1822.8 – 1829.8
SL: 1859.6
TP1: 1801.3
TP2: 1784.6
TP3: 1759.6

Why focus on this structure?
- Current ETH is around 1826; the 15-minute RSI is as high as 80.42, with severe short-term overbought conditions.
- The daily trend is still ranging; the 4-hour direction is clearly bearish. The main plan targets TP1 1801 and TP2 1784.
- Why now? After an overbought condition, the probability of a pullback is high. And ATR shows 1-hour volatility of about 13.9 points, with plenty of downside room.

Discussion:
Will this move hit TP2 first and then rebound, or will it directly lure longs to sweep stops?
ETH5.65%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned