$ETH Signal: 4H Bearish continuation, 1H rebound meets resistance, consider shorting


$ETH 1H MACD shows a golden cross but 4H MACD bearish bars are still shrinking, rebound momentum is limited. RSI 1H 38.47, not out of the oversold zone. Bollinger Bands 4H lower band 2251, middle band 2316, approaching the middle band is a bearish sniper point. Deep imbalance 55.79%, buy/sell volume ratio 3.52 indicates abnormal buy-side depth, beware of false orders.
๐ŸŽฏDirection: Short
โšกEntry/Order: 2320.00 (suggested entry near the upper limit of the zone)
๐Ÿ›‘Stop Loss: 2349.41
๐Ÿš€Target 1: 2293.47
๐Ÿš€Target 2: 2274.82
๐Ÿ›ก๏ธTrade Management: - Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss down to entry price. If price rebounds to stop loss, protect capital. - Strict adherence: Short stop loss above entry, target below entry; Target 2 slightly lower than Target 1, if reached directly, close all positions for profit.
4H Bollinger Bands opening downward, EMA20/50 forming a death cross suppressing price. 1H rebound volume is insufficient, the last 1H candle volume is only 19,279, with sparse buying. The current high short-to-long ratio is 2.0, but beware of negative fee rate -0.0002% which may support a bullish rebound.
Check real-time market ๐Ÿ‘‡ $ETH
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