$ETH Short | 4H downtrend unchanged; 1H rebound into the resistance zone

$ETH $1,746.3: The 1H MACD forms a golden cross, but the volume histogram narrows, while the 4H MACD remains flat in the negative territory. The Bollinger Bands’ 4H mid-band at 1765 is strongly suppressing price action; around the 1H upper band near 1750, sell pressure becomes apparent. During the session, bid depth is 1.29—capital is propping up the market, but the price lacks the strength to break through, showing clear signs of stagnation at higher levels. The current risk-reward ratio is 1.5, worth a try.
🎯Direction: Short
⚡Entry/Pending Order: 1741.061 - 1746.300
🛑Stop Loss: 1763.763
🚀Target 1: 1720.106
🚀Target 2: 1707.008
🛡️ Trade Management:
- When Target 1 is reached, reduce by 50% and move the stop loss to breakeven. If price returns to the entry zone, exit proactively.
- If the 4H market accelerates and breaks below 1720, hold and look for 1707. Monitor the persistence of sell pressure around 1750.
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