$ETH Signal | 1H Oversold Short Continuation


$ETH RSI 1H has pierced into the oversold zone at 29.85, the 4H lower Bollinger band at 2318 nearly coincides with the current price of 2317, and the sell volume depth -63.28% indicates a complete absence of buyers. MACD on both timeframes shows bearish divergence, with the 4H histogram at -6.98 continuing to expand. Active sell orders dominate three consecutive 4K candles, with no strength for a rebound.
Short-term bears are favored, but oversold areas require caution for technical correction. Keep an eye on the 2310-2300 zone for a confirmed break.
🎯Direction: Short
⚡Entry/Order: 2317.43 - 2348.03 (Enter near the upper boundary of the rebound zone)
🛑Stop Loss: 2368.01
🚀Target 1: 2308.09
🚀Target 2: 2288.12
🛡️Trade Management:
- Execution strategy: Reduce 50% of position at Target 1, move stop loss down to entry price. If the price rebounds above 2330 and 1H RSI recovers to 40, exit actively. Do not hold onto longs in oversold zones, but bears need to quickly break below 2300 to establish footing.
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ETH-2.21%
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