$ETH
— that bounce? Yeah… it’s starting to look like a bull trap 👀
Price ripped from 2,282 → 2,463 and got rejected hard.
No consolidation. No continuation. Just a straight rollover.
That’s not strength… that’s exhaustion.
Now we’re sitting back around 2,320s, right under pressure — and the order book is heavily skewed to the sell side.
Buyers aren’t stepping up… sellers are waiting above.
This is how reversals usually start.
🔥 Trade Setup: SHORT
Entry: 2,326 – 2,330
SL: 2,380
TP1: 2,282
TP2: 2,240
TP3: 2,190
📊 Current:
ETHUSDT Perp — 2,312 (-0.75%)
💡 What to watch:
2,282 is the key level.
Lose that… and this likely accelerates fast as:
• Late longs get trapped
• Stops get triggered
• Momentum flips fully bearish
⚠️ But don’t get reckless:
If price reclaims 2,380, this setup is invalid — and you don’t argue with that.
Right now, this isn’t a breakout…
It’s a failed breakout turning into a potential breakdown.
So the real question is—
Are you shorting the weakness… or waiting to get trapped with the crowd?