🚨ETH 15-Min Scalp: The Reversal Trap You Can't Ignore🚨
The 15-minute ETH/USDT chart shows a tempting inverse head and shoulders pattern forming, but this is a minefield for the unprepared. Here's how to navigate it:
The setup looks promising - left shoulder at $1,610, head at $1,597, and right shoulder building near $1,597. A break above $1,610 (where the 7 and 25 MAs converge) could signal momentum, with $1,624 as the neckline target. The RSI at 52 and bullish MACD crossover suggest upside potential.
But here's the catch: this is a 15-minute chart in a weekend market. Those "breakouts" you see? Most are fakeouts designed to hunt overeager traders. The liquidity is thin, the whales are hungry, and your stops are their breakfast.
For those still wanting to play this:
1) Use limit orders only between $1,610-$1,620
2) If it breaks $1,630, wait for a retest before adding
3) Take first profits quickly at $1,640-1,650
Remember:
- Weekend price action is notoriously unreliable
- Without stops, position size is your only protection
- That "perfect pattern" could vanish in two candles
The smart move? Watch for a confirmed 4H close above $1,650 before committing real capital. In this market, being late is better than being liquidated.
