$ETH Signal】1H rebound resistance encountered, 4H bearish structure continues


$ETH 1H RSI 45.8, MACD golden cross but momentum bars not increasing in volume. 4H Bollinger Band middle line at 1623 forming strong resistance, price touched three times without breaking through. Deep buy orders account for 83%, but bid/ask ratio of 10.85 shows strong demand, yet price stagnates near 1622, upward momentum weak.
🎯Direction: short
⚡Entry/Limit Order: 1617.034 - 1621.900
🛑Stop Loss: 1638.119
🚀Target 1: 1597.572
🚀Target 2: 1585.407
🛡️Trade Management: - Reduce position by 50% upon reaching Target 1, move stop loss to entry price. If price retraces to the entry range, close the position.
Short-term rebound momentum fading, 4H bearish trend unchanged, funding rate 0.0046% with no short squeeze risk. Above the limit order area, dense sell orders await, risk-reward ratio of 1.5 is acceptable.
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