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ETH’s pullback this time— is it a shakeout or a real sell-off?
$ETH /USDT - SHORT sell
Trading plan:
Entry: 1880.2 – 1887.2
SL: 1926.8
TP1: 1851.4
TP2: 1829.8
TP3: 1797.5
Why focus on this structure?
- The current 4-hour timeframe signal is clearly bearish; RSI on 15m is 58.72, not oversold, and there is still room to the downside.
- The 1-hour EMA support is 1883.7. If it breaks 1880, it will most likely accelerate toward TP1 1851.4 for a test.
- Why now? In a trending range, bearish momentum is building up—waiting for a breakdown confirmation.
Discussion:
Do you think this leg of ETH first reaches TP2 1829.8, or is it a bear trap with an upside rebound?