$ETH Signal】Shorts continue, breakdown under weak 1H trend


$ETH 4H Bollinger lower band at 1876 is breached, with sell orders’ depth share reaching 63.45%. 1H RSI falls to 31.92; MACD histogram negative values narrow but have not turned red. The current price at 1874 is below the dense limit-order area, with ongoing sell pressure being digested.
🎯 Direction: short
⚡ Entry / limit orders: 1868.8865 - 1874.5100
🛑 Stop loss: 1893.2551
🚀 Target 1: 1846.3923
🚀 Target 2: 1832.3335
🛡️ Trade management: - Execute strategy: After reaching Target 1, cut positions by 50% and move the stop loss up to break-even. If the price drops back to the entry level, auto-exit to protect principal.
Objectively, seller dominance is clear, but shorting in the oversold area should be cautious of a short-term rebound. The risk-reward ratio is acceptable; set the stop loss above EMA20 to control drawdown.
View live market 👇 $ETH
---
Follow me: Get more real-time crypto market analysis and insights!
#Gate事件合约首发狂欢 #夏日创作营 #GOOGL财报亮眼但盘后跌超3% $BTC $ETH $SOL
ETH-0.43%
GOOGL0.57%
BTC-0.75%
SOL-2.02%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned