【$ETH Signal】Pullback confirmation, long positions hidden

$ETH 1H timeframe forms a double bottom with a needle at around 2173, with the price exactly at the confluence of the lower band of the 4H Bollinger Bands and EMA50. The order book shows heavy orders below 2183.5, and the capital support intention is fully exposed.

🎯Direction: Long

⚡Entry/Order placement: Buy in batches within the 2172.79 - 2191.04 range

🛑Stop loss: 2155.37

🚀Target 1: 2262.39

🚀Target 2: 2298.06

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.

The 1H RSI drops to 31.65, entering oversold territory, forming a bullish divergence with the price. Although the 4H MACD histogram is below zero, it shows clear signs of contraction, indicating weakening bearish momentum. Open interest remains stable, and the negative funding rate suggests a slight short squeeze expectation. The risk-reward ratio at this position is close to 2:1, making it worthwhile to take a limited risk to attempt a rebound on the hourly level.

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