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Is this the last wild celebration for ETH bulls? The shorts are already lurking at 1,864.
$ETH /USDT - SHORT to short
Trading plan:
Entry: 1862.67 – 1866.79
SL: 1884.46
TP1: 1849.93
TP2: 1840.07
TP3: 1825.27
Why focus on this structure?
- 4H timeframe bearish signal confirmed, entry 1864.73, stop-loss is only 1%.
- RSI on 15M is only 54.88, not overbought, with plenty of downside room.
- Targets: TP1 1849.93, TP2 1840.07, risk/reward ratio above 2:1.
- Why now? The daily consolidation range hasn’t been broken yet, shorts are building up.
Discussion:
Will this short hit TP2 first, or will it run as a stop-hunt reversal to 1880?