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Based on the current ETH price of $4191.99, here is a Technical Analysis for your Futures Trading strategy:
📊 Current Market Conditions
ETH is at a critical technical position, the 1-hour super trend indicator continues to show bearish signals, and the price is running below the resistance level of $4251.
🎯 Short Selling Strategy
Entry Point: $4210-4220 rebound area
Stop Loss: $4260 (above the super trend resistance level)
Target 1: $4150 (Daily Pivot Support)
Target 2: $4098 (Daily S1 Support)
📈 Technical Basis
The RSI has bounced from the oversold area to around 50, indicating potential pullback pressure.
Although the MACD histogram has turned positive, the momentum is limited.
The middle band of the Bollinger Bands at $4167 constitutes an important support.
The daily EMA12 has formed strong resistance at $4254.
⚡ Risk Management
It is recommended to use a leverage of 3-5 times and control the position within 20% of the total funds.
If it breaks through $4260, immediately stop loss and wait for a re-entry opportunity.
💡 Key Observations
Pay attention to the support at the previous low of $4060; a breakout will open up greater downside potential.
#ETH# #MLP#