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【$ETH Signal】Bull and bear trap, oversold zone with funds supporting
$ETH 1H RSI drops to 26.78, 4-hour RSI also dips into 28.42, clearly indicating oversold. The lower band of the 4-hour Bollinger Bands is around 1973, with the current price closely hugging the lower band, indicating the selling pressure is nearing exhaustion. Order book shows a significant increase in buy orders below 1989.5, revealing the intention of funds to support the price.
🎯Direction: Long
⚡Entry: Buy in batches within the 1970 - 1975 range
🛑Stop loss: Below 1931
🚀Target 1: 2149
🚀Target 2: 2236
🛡️Trade management:
- Execution strategy: After reaching the first target, reduce position by 50% and move the stop loss to the entry point. Hold the remaining position to aim for the second target.
Position remains stable; the price drops sharply but does not trigger a large liquidation, indicating main force is supporting the market. The 1-hour MACD histogram narrows in negative territory, showing bearish momentum is weakening. Combined with negative funding rates, short squeeze conditions are brewing. The risk-reward ratio at this position exceeds 4, making it worthwhile to take a limited-risk bet on a bullish rebound.
View real-time market 👇 $ETH
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