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Is this ETH bulls' final struggle? If 1878 can’t hold, it’s a waterfall.
$ETH /USDT - Go SHORT
Trading plan:
Entry: 1874.65 – 1882.21
SL: 1914.69
TP1: 1851.23
TP2: 1833.10
TP3: 1805.91
Why focus on this setup?
- The 4H signals clearly point to SHORT; the 1D trend is still in a ranging/choppy zone, but the 15-minute RSI is only 45, with weak momentum.
- The current price at 1878 is right at the entry level; if it breaks below 1874 support, the next target goes straight to TP1 1851.
- Why now? In the late stage of a range, fake breakouts are often followed by a quick pullback, and bears have already set up near 1882.
Discussion:
Will this move hit TP1 1851 first, or will it bait a short-term rebound up to 1905?