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ETH is hovering around 1,873—who are both longs and shorts waiting for to make the first move?
$ETH /USDT - SHORT sell
Trading plan:
Entry: 1871.1 – 1875.1
SL: 1892.7
TP1: 1858.4
TP2: 1848.6
TP3: 1833.9
Why focus on this setup?
- The 4H-level signals point to SHORT, but the 1D trend is still range-bound, not a one-way market.
- RSI on 15M is 56.91; it’s not overbought, and there’s still room for downside in the short term.
- The current price is close to the 4H EMA—if it breaks below 1871.1, TP1 at 1858.4 and TP2 at 1848.6 lie below.
Discussion:
Will this move hit TP2 first and then rebound, or will it fake a breakdown and then pull back immediately?