【$ETH Signal】Short: 4H Bollinger Band squeeze + 1H MACD divergence invalidation, distribution at high levels

$ETH Market depth imbalance -40.97%, sell orders far exceed buy orders in density. Although a MACD golden cross appears on the 1H chart, the middle band of the 4H Bollinger Bands at 2320 continues to exert pressure, and the price pulls back to 2303 with decreasing volume. Under this structure, the risk-reward ratio for chasing longs is very poor, and it’s more advisable to use rebounds to short.
🎯Direction: Short
⚡Entry/Order: 【2301.13 - 2327.38】
🛑Stop loss: 【2345.99】
🚀Target 1: 【2290.14】
🚀Target 2: 【2271.52】
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss near the entry price. If the price rebounds and breaks the stop loss, exit decisively.
Depth logic: Although the 4H MACD histogram is narrowing, the signal line remains below the zero axis with a death cross, indicating the bearish trend has not been effectively reversed. The rebound volume on the 1H chart is decreasing, and the bulls lack sustained momentum. Currently, liquidity is concentrated around the 2300 area with a false breakout; once the pullback weakens, the bears will quickly push down to the support zone at 2260. Objectively, the probability of success for shorting at this time is higher than chasing longs.
View real-time market 👇 $ETH
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场五月交易分享 #美国4月CPI上涨3.8% $BTC $ETH $SOL