Everyone is waiting for the ETH price to rise—but the 4-hour chart just sent a false signal.
$ETH / - SHORT
Trading plan:
Entry: 1776.81 – 1780.17
SL: 1821.99
TP1: 1745.87
TP2: 1724.12
TP3: 1691.49
Why this setup?
• 1D trend is bearish, and the RSI on the 4h at 62.69 shows there is room for a drop before exhaustion occurs.
• Enter at 1778.49 with a tight invalidation at 1780.34—meaning the bears are in control if we stay below this level.
• TP1 at 1745.87 represents only a 1.8% move, but with 81% confidence, the risk-to-reward ratio favors the short trade right now.
Discussion:
Is it a quick scalp to TP1, or the start of a larger bearish wave toward 1724?
Click here to trade 👇️
$ETH / - SHORT
Trading plan:
Entry: 1776.81 – 1780.17
SL: 1821.99
TP1: 1745.87
TP2: 1724.12
TP3: 1691.49
Why this setup?
• 1D trend is bearish, and the RSI on the 4h at 62.69 shows there is room for a drop before exhaustion occurs.
• Enter at 1778.49 with a tight invalidation at 1780.34—meaning the bears are in control if we stay below this level.
• TP1 at 1745.87 represents only a 1.8% move, but with 81% confidence, the risk-to-reward ratio favors the short trade right now.
Discussion:
Is it a quick scalp to TP1, or the start of a larger bearish wave toward 1724?
Click here to trade 👇️