Is ETH bulls’ last line of defense a trap?
$ETH /USDT - Going short SHORT
Trading plan:
Entry: 1868.01 – 1875.25
SL: 1906.35
TP1: 1845.59
TP2: 1828.23
TP3: 1802.20
Why pay attention to this structure?
- The 4-hour SHORT signal is already triggered; entry at 1871.63, and the current price is still within the range.
- RSI 15m=43.6, not oversold; downside momentum has not been exhausted.
- TP1=1845, TP2=1828, SL=1906, reward-to-risk ratio about 2:1.
- Why now? Intraday trend is ranging; EMA on the hourly timeframe is clearly capping, with bears in control.
Discussion:
Will this move