【$ETHUSDT Signal】Pullback to go long, order cancellations expose the weakness of the bears

$ETHUSDT The 1H timeframe price has broken below the lower Bollinger Band, RSI has dropped to 22, entering an extreme oversold zone. After the 4-hour MACD death cross, the histogram continues to expand, but the latest 1-hour volume has sharply decreased, indicating exhausted selling pressure. The order book is rapidly canceling orders, with the thickness of sell orders above far less than the buy orders below, showing that the bears lack the ammunition for sustained suppression.

🎯Direction: Long

⚡Entry/Order: 2059 - 2063

🛑Stop Loss: 2021

🚀Target 1: 2233

🚀Target 2: 2318

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 2065, consider exiting early.

Position size remains stable, and no large liquidation events occurred during the sharp decline, indicating manageable leverage liquidation pressure. The negative funding rate suggests crowded short positions, and a rebound could easily trigger a short squeeze. The 1-hour candlestick near 2073 shows a long lower shadow, indicating active support at this level. This combination of volume-price divergence and order book imbalance often signals that the short-term selling pressure is nearing exhaustion. The risk-reward ratio exceeds 4, making it worthwhile to take a small position to bet on a technical rebound.

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