$ETH Signal】Bearish continuation, rebound faces resistance, shorting


$ETH 1H RSI drops to 32.94, MACD green bars contract but remain below zero line, Bollinger Bands lower band around 2298 shows support but buying volume is weak. 4H bearish trend remains unchanged, MACD death cross expands. Depth ratio of 1.64 indicates buy orders, but selling pressure persists.
🎯Direction: Short
⚡Entry/Order: Short position in the 2345 - 2347 range (rebound to near EMA20)
🛑Stop loss: 2371.97
🚀Target 1: 2299.09
🚀Target 2: 2274.80
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss down to entry price. If price breaks the stop loss, exit and observe.
Negative fee rate of -0.018% and stable open interest, short position costs are low, making it easier to break down when rebound momentum is insufficient. Short-term game plan: accelerate decline after failed rebound, with a risk-reward ratio close to 2x.
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