$ETH Signal: Short + sell-side depth suppression, resisted at 1H upper band


$ETH Sell-side depth accounts for 18.96%, buy orders are significantly insufficient. Resisted near the 1H Bollinger upper band 1596.31, MACD histogram is positive but starting to contract. 4H Bollinger bands are narrowing with the middle band 1600.83 forming resistance, RSI_1h at 54 is neutral to weak.
🎯Direction: short
⚡Entry / Pending order: 1577.2241 - 1581.9700
🛑Stop loss: 1597.7897
🚀Target 1: 1558.2405
🚀Target 2: 1546.3757
🛡️Trade management:
- Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to break-even. If price falls back to entry, auto exit to protect principal.
Spot long momentum exhausted, 1H bearish divergence forming combined with depth imbalance, short-term short risk-reward is acceptable. Funding rate stable, no need to worry about short squeeze risk for now.
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ETH0.72%
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