$ETH Trading (signal) short position: rebound to the upper edge of the 4H range + buy orders not pushing the price up

$ETH Buy/sell order depth ratio 5.99, buy order accumulation but unable to push the price, 2128 sideways consolidation. Upper Bollinger band at 2144 suppresses, lower at 2103 supports, MACD bullish momentum continues to shrink. 1H candlestick with consecutive small bodies, trading volume suddenly drops to 746, market awaits direction.
🎯Direction: Short (pending orders)
⚡Entry/Order: 2150
🛑Stop loss: 2170
🚀Target 1: 2115
🚀Target 2: 2090
🛡️Trade management:
- After reaching Target 1, reduce position by 50%, move stop loss down to entry price. If the price falls below Target 2, continue holding the remaining position.
Depth logic: Imbalance in depth but price stagnates, indicating strong selling pressure at high levels. After the 4H Bollinger bands contract and volume breaks below the midline at 2123, the bearish momentum will accelerate. The current risk-reward ratio is reasonable; wait for a rebound to the top of the range before re-entering.
Check real-time market 👇 $ETH
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