Today’s early-morning “two bing” idea

Setup:
Do short around 1880-1900.
First target: 1850-1820
Second target: 1800-1750
Set your stop-loss properly.

On the 4-hour chart, “two bing” shows a clear descending channel: the highs step down one by one; when rebounds touch the channel’s upper rail, they get rejected and fall back. Volume contracts in sync, and buying interest is insufficient. The current price is near the Bollinger upper rail resistance zone; the candlesticks keep printing long upper wicks, and sell-pressure signals are clear. Although MACD is in a repair phase, the histogram’s turn-to-green strength is extremely weak. After the fast and slow lines stick together, they have not opened up meaningfully, so the sustainability of any rebound is questionable. RSI is repeatedly tangled around the midline and lacks upside momentum. Once external sentiment weakens, the price is likely to retest the channel’s lower-rail area again. In terms of trading, enter a short with a small position based on rebound exhaustion signals. If the price can validly hold above the resistance level, then exit. During the range phase, wicks pop up frequently—be sure to reduce position size and don’t fight it. $ETH #Gate事件合约首发狂欢