ETH 1800 false breakout? RSI 62 suggests reversal is imminent
$ETH /USDT - SHORT sell
Trading plan:
Entry: 1798.68 – 1803.28
SL: 1823.09
TP1: 1784.40
TP2: 1773.35
TP3: 1756.77
Why focus on this structure?
- 4H SHORT signal, 1D trend is ranging/sideways, high probability of failed breakout
- RSI 15m 62.43 is near the overbought zone, short-term momentum weakening
- Current 1800.98 is clinging to the EMA; if it breaks below 1798, it accelerates to TP1 1784
- Why now? End of a range + resistance level test; best short risk-reward
Discussion:
Will it hit TP2 1773 first or will it sla