【$ETH Signal】Shorting: 1H/4H bearish resonance; the lower Bollinger Band is opening

$ETH RSI 1H 34.63 is approaching the oversold zone but has not stopped the decline; the MACD histogram is -2.5984 and continuing to widen, with selling pressure not yet digested. The 4H lower Bollinger Band at 1770 has already been broken, and the opening is pointing downward. Order book Bid/Ask depth is 0.32, with a severe lack of buyers. The funding rate is 0.0018%, relatively low, with no risk of a short squeeze.
🎯Direction: short
⚡Entry/limit order: 1766.00
🛑Stop loss: 1786.69
🚀Target 1: 1742.46
🚀Target 2: 1729.20
🛡️Trade management: - Execution plan: after reaching target 1, reduce position by 50%, and move the stop loss up to breakeven. If price falls back to the entry level, exit automatically to protect principal.
Deep logic: after the 4H MACD dead cross, the histogram bars have expanded for three consecutive candles, with bearish momentum being released. The 1H RSI is low, but there are no signs of bullish divergence. The rebound strength is extremely weak. The current risk-reward ratio is close to 1.5; downside potential depends on the market sentiment deteriorating further, making it suitable for fast in/fast out for short-term trading.
View live chart 👇 $ETH
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