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Is the ETH 4h short signal still not invalid?
$ETH /USDT - SHORT
Trading plan:
Entry: 1837.94 – 1844.42
SL: 1872.33
TP1: 1817.82
TP2: 1802.24
TP3: 1778.88
Why focus on this structure?
- Current price 1841, 4h timeframe bearish direction, confidence 55.4%, 1D trend is ranging.
- 15m RSI 52.89, neutral to slightly weak; 1h ATR 12.98, moderate volatility.
- Why now? Entry reference 1841.18, TP1 1817.82, TP2 1802.24, SL 1872.33. Price is close to the entry; wait for confirmation and invalidation after the break of 1842.78.
Discussion:
Will this short hit TP1 first, or will it sweep the SL first?