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Is this ETH pullback a strong accumulation or distribution?
$ETH /USDT - short SHORT
Trading plan:
Entry: 1842.7 – 1846.7
SL: 1863.8
TP1: 1830.4
TP2: 1820.8
TP3: 1806.5
Why focus on this structure?
1. RSI 15m is 53.59, neutral but slightly bearish, and the 4H trend is bearish.
2. Current price is 1844.7, right at the 1H resistance level, with a clear SHORT signal.
3. Why now? The daily is ranging; 4H bears dominate, and the rebound to the resistance level is the entry window.
Discussion:
Will it hit TP1 1830 first, or break down directly toward 1806?