$ETH Signal: Rebound exhaustion, 1H short relay


$ETH 1H MACD golden cross with decreasing volume, rebound to around 2320 Bollinger middle band encounters resistance. Market depth -15.81%, sell orders continue to pile up, buy orders are fragmented. Funding rate -0.0053%, short positions have low cost, no momentum for short squeeze.

🎯Direction: Short

⚡Entry: Short directly at current price 2320.36, or place staggered orders in the 2320.01-2336.59 range

🛑Stop loss: 2364.85

🚀Target 1: 2280.08

🚀Target 2: 2251.83

🛡️Trade management: - Reduce 50% of position upon reaching Target 1, move stop loss to break-even; if price rebounds above 2320, exit all positions to protect principal.

This rebound at the narrow range high has a risk-reward ratio close to 2, worth a try.

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ETH-0.94%
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