$ETH Signal】Pullback to go long / Main force support exposure


$ETH The 1H timeframe is repeatedly testing the 1993-2005 range, with significant buy orders stacked around 1997, but active selling pressure persists. The 4H timeframe has broken below the EMA50 critical line, indicating a trend reversal to bearish, but the 1H RSI hovers around 38, not yet entering extreme oversold territory. The MACD histogram on the 1-hour chart is still expanding downward, showing that bearish momentum has not yet exhausted.

🎯Direction: Wait and see (Place buy orders )

⚡Entry/Order: Long positions accumulated in the 1982 - 1985 range

🛑Stop loss: 1952

🚀Target 1: 2120

🚀Target 2: 2187

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above the 2000 level, consider exiting early.

Position size remains stable, and no large liquidation events occurred during the price decline, indicating relatively solid chip structure. Negative funding rates suggest short-term dominance by bears, but this also sets the stage for a potential short squeeze. The lower Bollinger Band on the 1H chart is forming a gravitational pull around 1990, combined with the 4H price touching the lower half of the Bollinger Bands, compressing the short-term downside space. The risk-reward ratio exceeds 4:1, making this a position worth risking limited capital for a potential bullish rebound.

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