【$ETH Signal】Short position, sell order depth imbalance

$ETH Sell order depth exceeds buy order by 16.85%, 1H MACD shows a golden cross but volume diminishes, price repeatedly tests below EMA20. Funding rate -0.0048%, bears crowded but price remains firm, preparing for a wave of pullback.
🎯Direction: Short
⚡Entry: Short at current price 2314.64 or wait for a rebound near 2330 to add positions
🛑Stop loss: 2353.54
🚀Target 1: 2297.50
🚀Target 2: 2278.83
🛡️Trade management: - Execute strategy: reduce 50% at Target 1, move stop loss to break-even. If price rebounds and breaks through 2335, exit proactively to protect principal.
The 4H Bollinger middle band at 2335 forms short-term resistance, RSI on 1H around 47 is neutral to weak, lower band at 2275 provides support. Current risk-reward ratio is about 1:2, under negative funding rate, downside risk of short squeeze is controllable, but watch out for large buy orders supporting the bottom.
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