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Will ETH break below 1847, or will it bounce to lure longs?
$ETH /USDT - SHORT sell
Trading plan:
Entry: 1866.6 – 1870.2
SL: 1885.2
TP1: 1855.8
TP2: 1847.4
TP3: 1834.8
Why watch this structure?
On the 4-hour timeframe, there’s a SHORT signal. The RSI on the 15-minute timeframe is around 55, not overbought, and there’s still room for downside in the short term. The 1-day trend is ranging; the short target TP2 at 1847 is key support. Current price is 1868. Entry reference 1866–1870, stop loss 1885, and the risk-reward ratio is reasonable.
Discussion:
Will this move first reach TP2, or is it a bull-trap?