$ETH Short position sniping | 4H bullish momentum shrinking, 1H facing midline resistance


$ETH RSI 4H retraced to 49.46, MACD histogram three consecutive shrinking bars, bullish momentum clearly retreating.
Bollinger Bands 1H midline at 1728 forms immediate resistance, price repeatedly tests around 1724 but fails to stabilize.
Buy order depth ratio is 5.65, surface buy orders support the bottom but in reality, high-level orders are sparse, and downward support strength is questionable.
🎯Direction: Short
⚡Entry/Order: 1719.725 - 1724.900
🛑Stop Loss: 1742.149
🚀Target 1: 1699.026
🚀Target 2: 1686.090
🛡️Trade Management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even.
If the price falls back into the entry zone, automatically exit to protect capital.
The 4H Bollinger lower band near 1680 provides natural support, but short-term selling pressure has not been fully released.
Stop loss set above 1742, risk-reward ratio of 1.5, within an acceptable trading range.
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