$ETH Short Setup Analysis: High Risk Opportunity 📉
$ETH /USDT : 🔴 High Risk (8/10) SHORT Setup. This analysis identifies a potential short-term opportunity with elevated risk. Traders are advised to exercise caution and implement strict risk management strategies.
🔥 Why This Setup?
The 1-Day trend indicates a RANGE-bound market, however, the 4-Hour Multi-Timeframe (MTF) analysis confidently signals a SHORT with 55% conviction. This suggests a potential divergence from the current range.
Price is currently within a key 4-Hour Entry zone around ~3214, with a tight stop-loss placed above 3243. The 15-minute RSI at 53.24 shows ample room for further price decline before reaching oversold conditions, supporting the short thesis.
📉 Trade Plan:
Entry: 3209.294048 – 3219.105952
TP1: 3184.764288
TP2: 3174.952384
TP3: 3155.328576
SL: 3243.635712
👇 Debate:
Is this movement a fakeout leading to recovery, or the definitive start of a range breakdown for $ETH? Share your insights below!
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#Shorting