$ETH Signal: 4H pressure + 1H resistance, short position setup

$ETH Buy order depth ratio 71.53%, selling pressure concentrated around 1591. The 1H Bollinger upper band at 1591.16 forms a hard top, and although the 4H MACD shows a bullish crossover, the momentum bars are expanding slowly. Funding rate -0.0106%, bears are slightly favored but the price is sideways, exposing a bottom support intention—dense orders appear around the 1564 area.
🎯Direction: short
⚡Entry/Order: 1585.9578 - 1590.7300
🛑Stop loss: 1606.6373
🚀Target 1: 1566.8690
🚀Target 2: 1554.9386
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
Current risk-reward ratio is about 1.5, but the stop loss at 1606 is only 1% away, with low tolerance. If the 1H closes below 1591, add to the position; otherwise, try a position with interval orders.
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