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Is this ETH rebound a fake-out to draw in buyers—or a real reversal?
$ETH /USDT - Sell SHORT
Trading plan:
Entry: 1874.17 – 1881.31
SL: 1922.30
TP1: 1844.32
TP2: 1822.04
TP3: 1788.62
Why focus on this structure?
- 4-hour EMA and RSI data: RSI (15m) 64.57—close to overbought but not extreme; the 4-hour trend is still bearish, and the EMA moving averages are clearly acting as resistance.
Discussion:
Will this move first reach TP2 1822, or is it a fake-out trap?