$ETH Signal: Multiple pullbacks, strong buy-side order book support


$ETH 1H RSI has fallen from overbought territory to 64, MACD histogram shrinking but the fast and slow lines still in a golden cross. 4H Bollinger middle band around 2315 forms strong support, Bid/Ask depth ratio is 6.5, with dense order book support below.
๐ŸŽฏDirection: Long (Place order)
โšกEntry/Order: 2317.04 - 2320.38
๐Ÿ›‘Stop loss: 2298.51
๐Ÿš€Target 1: 2354.11
๐Ÿš€Target 2: 2372.65
๐Ÿ›ก๏ธTrade management:
- Be patient before your order is triggered, avoid chasing highs. Stop loss should tolerate intraday volatility.
Depth logic: Open interest is stable, funding rate is normal, no short squeeze momentum currently. Buy-side depth far exceeds sell-side, indicating large funds have clear support intentions at lower levels. After 1H pullback to the dense EMA20 and EMA50 zone, itโ€™s possible to bet on the continuation of the 4H upward opening.
Check real-time market ๐Ÿ‘‡ $ETH
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ETH1.58%
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