$ETH Signal: 4H Bearish continuation, 1H rebound encountering resistance, short position setup

$ETH MACD four-hour histogram -8.83, bearish momentum still releasing. 1H MACD golden cross but histogram only 0.98, rebound strength very weak. The middle band of Bollinger Bands at 1749.5 acts as resistance, current price 1741.97 is tightly hugging the lower band, buying depth is insufficient, Bid/Ask Ratio 0.71, sell orders are substantial.
Under this sell-leaning structure, rebounds are often better entry opportunities.
🎯Direction: short
⚡Entry/Order: 1736.74-1741.97
🛑Stop Loss: 1791.91
🚀Target 1: 1667.05
🚀Target 2: 1629.60
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Depth logic: Stable open interest indicates main players have not exited, funding rate at 0.0052% is relatively low, lacking short squeeze momentum. RSI on 1H is 43.5, on 4H is 48.6, both in weak zones, limiting rebound potential. After narrowing, the 1H Bollinger Bands are opening downward, indicating a bearish reversal.
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