【$ETHUSDT Signal】1H breakout and pullback, MACD bullish crossover confirmed

$ETHUSDT On the 1H timeframe, a sharp rally has just completed, and the price has slightly pulled back after reaching the upper Bollinger Band. The 4-hour MACD shows a bullish crossover below zero, with the histogram bars continuously expanding, indicating that bullish momentum is accumulating. The order book shows that above July 2023, there is a buildup of 158 ETH in sell orders, forming short-term resistance, but below, buy orders in the May-June 2023 range are also densely stacked, clearly showing capital support intentions. This position offers a good risk-reward ratio, worth a try.

🎯Direction: Long

⚡Entry/Order Placement: 2023.5 - 2024.0

🛑Stop Loss: 2018.0

🚀Target 1: 2050.0

🚀Target 2: 2075.0

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 2040, consider exiting all positions.

Position size remains stable, and no large-scale closing occurred during the price rally, indicating strong bullish confidence. The 1-hour RSI is around 61, leaving room for further upside. The negative funding rate provides a slight advantage to long positions. The key is whether the selling pressure around 2025 can be quickly absorbed; once broken, the upside space will open.

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