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Everyone is calling for an ETH breakout—but the 4h data says we’re about to get wrecked on ETH.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1727.26 – 1731.40
SL: 1749.19
TP1: 1714.44
TP2: 1704.51
TP3: 1689.62
Why this setup?
95% confidence SHORT with bearish 1D trend. RSI on 15m is 54.7 (neutral-to-slippery). Key entry at 1729.33, TP1 at 1714.44, TP2 at 1704.51. ATR shows tight volatility—break below 1727.26 triggers the cascade. Why now? The 1h rejection at 1731.40 is the trap door.
Debate:
Are you shorting into 1704 or waiting for a fakeout above 1737?