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Is ETH 1860 not the bottom—are the bears not finished yet?
$ETH /USDT - Short SHORT
Trading plan:
Entry: 1858.91 – 1862.79
SL: 1879.47
TP1: 1846.89
TP2: 1837.58
TP3: 1823.62
Why focus on this structure?
15-minute RSI 58, not overbought; the 4h trend is bearish.
Intraday range-bound consolidation, but around 1860 it has repeatedly been rejected, with the bears building up strength.
TP1 1846 is right there—if it breaks, look to TP2 1837.
Why now? RSI hasn’t reached extremes, and bearish momentum hasn’t been fully released yet.
Discussion:
Will this drop reach TP2 1837 first, or is it a bear trap into a rebound?