$ETH Signal: Bearish momentum continues; a breakdown of the lower Bollinger Band is imminent


$ETH On the 4H chart, the lower Bollinger Band has been repeatedly tested, and the 1764 support line has already been breached. The 1H MACD green bars are shrinking but has not formed a golden cross; sell-side depth continues to apply heavy pressure. Funding rate is -0.0023%, and short positions remain stable with no signs of loosening.
🎯Direction: Short
⚡Entry range: 1761.5 - 1766.8
🛑Stop loss: 1784.5
🚀Target 1: 1740.3
🚀Target 2: 1727.1
🛡️Trade management: After reaching Target 1, cut 50% of the position and move the stop loss up to breakeven; if price rebounds back into the entry range, exit the entire position.
Current risk-reward is about 1.5. As long as the bearish structure has not been broken, it is worth holding. 4H RSI is 43, not yet oversold, and there is still room to the downside.
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ETH-1.23%
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