They are talking about a potential trap for bulls $ETH /USDT at the moment.
$ETH – Short
Entry area: 1973.56 – 1986.57
Stop loss: 2026.90
Take profit 1: 1933.23
Take profit 2: 1902.01
Take profit 3: 1855.18
Why do these settings seem interesting:
On the daily chart, the trend still points downwards. This means that sellers are in control at the moment. The price sits around a very important area for 4 hours near 1980. This area acted as previous support.
If the price moves strongly above 1999 and stabilizes there, then this short idea is no longer valid. That level is key.
In the lower time frames, the relative strength index does not show strong buying pressure. It is not overbought. This usually means that the market could pause before making its next big move.
Big question:
Is this just a small pause before the drop towards 1902?
Or is the market trying to trap short sellers and push the price higher?
Always manage your risk and wait for confirmation before entering.