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Is the last frenzy for ETH bulls?
$ETH /USDT - Short SHORT
Trading plan:
Entry: 1839.93 – 1847.01
SL: 1877.49
TP1: 1817.95
TP2: 1800.94
TP3: 1775.43
Why focus on this structure?
- The 1D trend is still ranging, but the 4H signals clearly point to SHORT.
- 15-minute RSI is 57.7; it’s not overbought yet—this is the entry window.
- Current price is 1843.47, just 1.4% away from TP1, with an enticing risk-reward ratio.
- Why now? Once it breaks below the confirmation level at 1842.93, the probability of a rapid sell-off is high.
Discussion:
Will this trade take profit at TP1 first, or go straight for TP2?