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【$ETH Signal】Go long for a 1H breakout of the Bollinger band + negative-fee rate short squeeze
$ETH RSI 1H surged to 76.41, with bid-depth ratio at 3.33. 4H MACD bullish expansion, and 1H simultaneously expanding. Price has broken above the Bollinger upper band at 1895, and trading volume has surged to 217k lots. Negative fee rate -0.0008% layered with stable OI—squeeze conditions are ripe. Current risk-reward ratio is about 1.5, worth a trade.
🎯 Direction: Go long
⚡ Entry / orders: Place orders in the 1893.6283 - 1897.8300 range
🛑 Stop loss: 1876.8214
🚀 Target 1: 1929.3428
🚀 Target 2: 1945.0992
🛡️ Trade management: - Execute strategy: After reaching Target 1, reduce position by 50%, and move the stop loss up to break-even. If price falls back to the entry level, exit automatically to protect principal.
Depth rationale: A negative funding rate suggests shorts are passive, and the intent for bids to provide support is fully exposed by the depth data. Short-term momentum is strong, but be cautious about profit-taking after RSI runs high.
View real-time行情 👇 $ETH
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