$ETH Signal | Oscillate and buy low, 4H Bollinger Band middle band supports the bottom


$ETH Funding rate -0.0004%, deep sell order accumulation. 4H Bollinger Band middle band at 2280 provides support, 1H MACD shows a death cross but with decreasing volume, selling pressure weakens. Dense orders around 2248, obvious bottom-fishing setup.
🎯Direction: Long
⚡Entry/Order: Enter orders in the 2290.59 - 2299.45 range
🛑Stop loss: 2272.27
🚀Target 1: 2327.24
🚀Target 2: 2345.57
🛡️Trade management: - Reduce 50% at Target 1, move stop loss to entry price. If price drops below 2288, exit proactively to avoid deep retracement.
Current risk-reward ratio is close to 1:1. If the 4H support holds, there's a higher chance of rebound above 2327. Market sentiment is cautious, but negative rates often indicate potential short squeeze.
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