Is ETH bulls’ last line of defense a trap?



$ETH /USDT - Going short SHORT

Trading plan:
Entry: 1868.01 – 1875.25
SL: 1906.35
TP1: 1845.59
TP2: 1828.23
TP3: 1802.20

Why pay attention to this structure?
- The 4-hour SHORT signal is already triggered; entry at 1871.63, and the current price is still within the range.
- RSI 15m=43.6, not oversold; downside momentum has not been exhausted.
- TP1=1845, TP2=1828, SL=1906, reward-to-risk ratio about 2:1.
- Why now? Intraday trend is ranging; EMA on the hourly timeframe is clearly capping, with bears in control.

Discussion:
Will this move reach TP2 first or will it be a bull trap for an upside rebound? Did you set a stop-loss on your trade?
ETH-2.66%
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