【$ETH Signal】1H Oversold Rebound Play, Sniping the Lower Edge of the 4H Downtrend Channel
$ETH The 1H timeframe repeatedly tests the 1812-1830 range, forming a short-term support platform. RSI on the 1H chart has entered the oversold zone (30.27), indicating a technical rebound demand. The 4H timeframe remains within a clear downtrend channel, but the current price has touched the lower boundary of the channel, and open interest (OI) remains stable without signs of panic selling, providing a trading space for a counter-trend short-term rebound.
🎯Direction: Long (Long)
🎯Entry/Order: 1822 - 1825 (Reason: Support at the lower edge of the 1H platform, combined with the current dense buy orders )
🛑Stop Loss: 1808 (Reason: Falling below the previous low of 1812.52 and the lower boundary of the channel invalidates the rebound logic )
🚀Target 1: 1845 (Reason: 1H EMA20 and the previous minor high resistance on the hourly chart )
🚀Target 2: 1865 (Reason: The bottom of the previous 4H candle body and the middle line of the channel resistance )
🛡Trade Management:
- Position Size: Light (Reason: Operating against the 4H downtrend, which is a high-risk play )
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot effectively break above 1845 and falls back, close all positions.
Deep Logic: The price is falling but OI remains stable, suggesting it’s not purely a bullish squeeze; there may be short-term profit-taking by bears or new funds entering. The 1H RSI bottom divergence is brewing, and buy-side depth around 1824 is significantly thicker than sell-side (depth imbalance -77.80%), indicating support orders below. This is a short-term rebound sniper based on 1H oversold conditions and key support levels, with a risk-reward ratio >1.5, worth a try.
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【$ETH Signal】1H Oversold Rebound Play, Sniping the Lower Edge of the 4H Downtrend Channel
$ETH The 1H timeframe repeatedly tests the 1812-1830 range, forming a short-term support platform. RSI on the 1H chart has entered the oversold zone (30.27), indicating a technical rebound demand. The 4H timeframe remains within a clear downtrend channel, but the current price has touched the lower boundary of the channel, and open interest (OI) remains stable without signs of panic selling, providing a trading space for a counter-trend short-term rebound.
🎯Direction: Long (Long)
🎯Entry/Order: 1822 - 1825 (Reason: Support at the lower edge of the 1H platform, combined with the current dense buy orders )
🛑Stop Loss: 1808 (Reason: Falling below the previous low of 1812.52 and the lower boundary of the channel invalidates the rebound logic )
🚀Target 1: 1845 (Reason: 1H EMA20 and the previous minor high resistance on the hourly chart )
🚀Target 2: 1865 (Reason: The bottom of the previous 4H candle body and the middle line of the channel resistance )
🛡Trade Management:
- Position Size: Light (Reason: Operating against the 4H downtrend, which is a high-risk play )
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot effectively break above 1845 and falls back, close all positions.
Deep Logic: The price is falling but OI remains stable, suggesting it’s not purely a bullish squeeze; there may be short-term profit-taking by bears or new funds entering. The 1H RSI bottom divergence is brewing, and buy-side depth around 1824 is significantly thicker than sell-side (depth imbalance -77.80%), indicating support orders below. This is a short-term rebound sniper based on 1H oversold conditions and key support levels, with a risk-reward ratio >1.5, worth a try.
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