$ETH Signal: Oversold zone accelerated drop, sell side depth overwhelming


RSI 1H 20.81, 4H 25.58, has broken below the lower Bollinger Band. 4H MACD negative bars continue to expand, bearish momentum shows no sign of convergence. Order book imbalance -72.5%, Bid/Ask only 0.16, selling pressure completely overwhelms buying support. The bounce here is extremely weak, so following the trend is more reasonable.

🎯Direction: Short

⚡Entry / Limit Order: Enter directly at the current price zone of 1590 - 1594

🛑Stop Loss: 1644

🚀Target 1: 1520

🚀Target 2: 1483

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If the price falls back to the entry level, exit automatically to protect principal.

There is a prior support level near 1520, offering considerable short-term profit potential, but strict stop loss distance control is required.

View real-time market 👇 $ETH
---
Follow me for more real-time crypto market analysis and insights! $BTC $ETH $SOL
#0成本拿2股SK海力士 #以太坊基金会重组降本 #苏格兰VS巴西
ETH-5.06%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments