$ETH Signal】4H Bearish momentum continues, 1H rebound lacks strength to short


$ETH Although the 1H MACD histogram has turned positive, the 4H MACD bearish divergence is still accelerating, and the price is being suppressed by the 4H Bollinger middle band at 2339. The 1H Bollinger upper and lower bands have narrowed to 2297-2337. After a low of 2283 last night, the rebound to 2321 was followed by a retreat, with buying momentum lacking. Funding rate is -0.009%, bearish crowding but the price hasn't dropped, instead exposing selling pressure above.
🎯Direction: Short
⚡Entry: Enter around the current price of 2306, or add positions on rebound to 2330-2336 area
🛑Stop loss: 2356.65 (above the 4H Bollinger middle band)
🚀Target 1: 2297.50 (near the 1H Bollinger lower band)
🚀Target 2: 2277.79 (around the 4H Bollinger lower band)
🛡Trade management: - Reduce 50% of position upon reaching Target 1, move stop loss to break-even at entry price. If the price falls below the previous low of 2283, hold Target 2 until around 2277 to close all positions.
Deep logic: 4H MACD negative value expanding, RSI only at 42, indicating weak rebound strength; 1H volume decreasing, bulls lack willingness to push higher. Although order book depth shows 1.17, sell orders are stacked at 2336-2340, with obvious resistance. Negative funding rate has not triggered short squeeze, instead indicating dominance of bears.
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