【$ETH Signal】Bidirectional Order Sniping! End of 1H Triangle Convergence, Awaiting Trend Reversal Breakout

$ETH The 1H level price is oscillating narrowly between 1960-1980, forming the end of the triangle convergence, about to choose a direction. The 4H level remains in a downtrend channel, but the 1H RSI (45.83) has rebounded from oversold territory, and the last 1H candlestick closed with a long lower shadow, indicating strong buying support around 1950. Open interest remains stable, and negative funding rates suggest bears are in control but there is a possibility of short squeeze, with a trend reversal imminent.

🎯Direction: Watch and wait (Bidirectional orders)

⚡Long trigger condition: Price strongly breaks above and stabilizes above the 1H EMA20 (1974) and the upper boundary of the converging triangle.

🎯Entry/Order: 1976 - 1978 (Reason: Break above 1H EMA20 and triangle upper boundary confirms )

🛑Stop loss: 1958 (Reason: Break below intraday lows and triangle structure )

🚀Target 1: 1995 (Reason: Resistance at previous high on 1H level )

🚀Target 2: 2010 (Reason: Resistance at 4H EMA50 level )

⚡Short trigger condition: Price breaks below the triangle lower boundary and key support.

🎯Entry/Order: 1955 - 1957 (Reason: Break below triangle lower boundary and dense intraday trading zone )

🛑Stop loss: 1975 (Reason: Reclaiming above 1H EMA20 and triangle upper boundary )

🚀Target 1: 1935 (Reason: Support area at previous lows )

🚀Target 2: 1910 (Reason: ATR-based downward target )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Unclear direction, breakout game, higher risk )

- Execution strategy: After any side order is filled, if the price moves favorably, reduce position by 50% near Target 1, and move stop loss to entry price. If the price reverses and hits stop loss, abandon the other side order and wait for new signals.

Depth logic: The order book shows a large sell order at 1964.59, creating short-term resistance. However, buy orders below are also stacked, indicating market indecision. The 1H EMA20 (1974) is a short-term bull-bear dividing line; holding above suggests a short-term bullish return, while breaking below 1950 indicates bears may regain control. Negative funding rates combined with stable open interest warn of potential upward short squeeze.

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