$ETH — Short Setup

$ETH hasn’t flipped the trend yet — this looks like a pullback into shorting territory.

Trade Plan (SHORT):

• Entry: 1964 – 1990

• Stop-loss: 2054

• Take Profits:

  • TP1: 1900

  • TP2: 1875

  • TP3: 1823

Setup Rationale:

This is a rules-based setup: the 1D trend is bearish, giving the bias, while execution is on the 4H timeframe. Entry is defined, but the trade itself depends on price confirmation. TP1 at 1900 is the first target. Lower-timeframe RSI shows no extreme oversold, leaving room for further downside.

Invalidation: Acceptance above 2368 would invalidate the thesis.

Discussion:

Will price reject and hit TP1 at 1900 , or will reclaim above 2368 trigger a squeeze that pushes price away from the plan?

Trade here 👇 and share your bias!

ETHUSDT

Perp

1,999.27

-1.34%