Is ETH shorting positioning hiding, with undercurrents surging on the 4-hour timeframe?



$ETH /USDT - SHORT

Trading plan:
Entry: 1918.72 – 1926.14
SL: 1968.74
TP1: 1887.70
TP2: 1864.55
TP3: 1829.82

Why focus on this structure?
- Current ETH price is around 1922, and the 15m RSI is 54.37, indicating a rebound exhaustion signal.
- The 4-hour outlook is bearish; in the 1D range, shorts are building up, with TP1 1887.70 within reach.
- Why now? ATR 1h 14.8 shows volatility compression, ahead of the breakout’s eve.

Discussion:
Will this move hit TP1 1887 first, or is it a trap for a short-squeeze reversal?
ETH2.29%
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