【$ETH Signal】Bearish continuation: Selling pressure crushes + lack of rebound

$ETH Buyers' depth is only 0.05, with overwhelming selling pressure suppression. The 4H Bollinger lower band near 1670 has not been effectively broken yet, but MACD bearish momentum continues to shrink, and the rebound reaching 1700 is quickly pushed back. The 1H RSI is at a low of 37.65, lacking active buying to push higher, with each rally accompanied by thickening sell orders. Funding rate is 0.0011% flat, unable to attract short covering.
🎯Direction: Short
⚡Entry/Order: 1683.68 - 1688.75
🛑Stop loss: 1736.82
🚀Target 1: 1616.64
🚀Target 2: 1580.58
🛡️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.
Depth logic: Depth of 0.05 indicates sellers are fully dominant, open interest is stable but the price center of gravity is moving down, a typical sign of a bear trap. The 4H bearish arrangement is clear, and the 1H rebound is a short covering rather than a reversal, with a risk-reward ratio of 1.5 still acceptable.
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