【$ETH Signal】1H Rebound Play, Sniping Oversold Rebound!

$ETH The 1H timeframe is attempting to build a rebound structure, with the price above EMA20(1H) and consecutive bullish candles appearing. Although the 4H timeframe is still in a downtrend channel, the 1H momentum has already turned strong, and the latest candlestick shows buy volume at 57%, indicating short-term trading potential. Open interest remains stable, and after a sharp price drop, there was no significant decrease in open positions, suggesting it’s not purely a bullish squeeze, but rather funds are absorbing at this level.

🎯Direction: Long (Long)

🎯Entry/Order: $1882 - $1885 (Reason: 1H EMA20 support zone & current consolidation platform)

🛑Stop Loss: $1850 (Reason: Break below previous low$1852 & ATR(14) lower band)

🚀Target 1: $1920 (Reason: 1H resistance from previous high & 4H EMA20 resistance level)

🚀Target 2: $1955 (Reason: Starting point of 4H sharp decline, Fibonacci 0.382 retracement level)

🛡️Trading Management:

- Position size suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound play)

- Execution strategy: After the price reaches $1920, reduce position by 50% and move stop loss to entry price $1885. The remaining position aims for $1955 target; if the price retraces to $1885, exit all to break even first.

Deep logic: Order book shows sell wall at ($1884.14) with 202.5 ETH, forming a thin wall. A breakout could trigger short covering. The 1H RSI(34.8) is turning up from oversold territory, indicating a technical correction is needed. Funding rate is negative (-0.0366%), which could trigger a short squeeze if the price continues to rebound. Key is whether the price can hold above $1885 and break through $1900 with volume.

Check real-time market 👇 $ETH

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