$ETH 1H level price has breached the lower Bollinger Band, and the RSI has fallen to an extreme oversold area of 21.6. The 4-hour MACD histogram continues to expand, but a significant volume-price divergence is evident on the 1-hour level. After the last large-volume bearish candlestick, selling pressure has somewhat weakened. Market data shows that buy orders around 1990 are significantly thick, revealing intentions to support the price.
🎯 Direction: Go long
⚡ Entry/Orders: Gradually buy in the 1970 - 1975 area
🛑 Stop loss: Below 1930
🚀 Target 1: 2155
🚀 Target 2: 2245
🛡️ Trade management:
- Execution strategy: Reduce half of the position when the price reaches the first target, move the stop loss of the remaining position to the cost price. If the rebound is weak and the price falls below the entry area again, exit unconditionally. #加密市场回调
The position volume remains stable amid the sharp decline, with no large-scale long liquidation triggering a chain sell-off, which weakens the momentum for further declines. The negative funding rate intensifies, and shorts need to pay costs, laying the groundwork for a potential short squeeze. A severe bottom divergence in the 1-hour and 4-hour RSI indicates a significant technical repair demand at this level, and the risk-reward ratio is already very favorable.
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