【$ETH Signal】Bearish continuation + Deep buy orders being consumed

$ETH Buy order depth is 4.51 times but cannot prevent the price from falling, RSI 14 drops to 22.8, buying power is being continuously depleted. 1H MACD green bars expanding, no signs of weakening bearish momentum. 4H Bollinger lower band at 1734 has been touched, short-term rebound is weak, bears are in control.
🎯Direction: short
⚡Entry/Order: 1757.8306 - 1763.1200
🛑Stop loss: 1780.7512
🚀Target 1: 1736.6732
🚀Target 2: 1723.4498
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to breakeven. If price falls back into the entry zone, automatically exit to protect capital.
In extreme oversold areas, short positions require strict risk control. Current risk-reward ratio is about 1.5, there is still room for downside, but beware of rapid short covering and correction.
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