$ETH Short-term signal: Bearish continuation, 1H Bollinger Band lower band opening

$ETH 1H MACD green bars continue to expand, 4H Bollinger Band lower band has been broken, price is trading near the lower band. RSI 1H 25.89, 4H 16.20, both entering oversold territory, but buying depth is only 0.11, indicating short positions are stacking up. Funding rate -0.0055%, short position costs are favorable. Rebound is weak, heavy selling pressure around 1620.
🎯Direction: short
⚡Entry/Order: 1609.1281 - 1613.9700
🛑Stop loss: 1630.1097
🚀Target 1: 1589.7605
🚀Target 2: 1577.6557
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect principal.
1H candlestick closes lower consecutively, sellers dominate, rebounds are quickly absorbed. Such shallow rebounds under very low depth often lack sustainability, the bearish trend remains unchanged, and further decline beyond previous lows is unlikely.
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