【$IOTA Signal】1H Oversold Rebound, Hidden Short Squeeze Opportunity

$IOTA The 1H timeframe is forming a small support level around 0.0680, RSI on the 1H chart hits 40.15 entering oversold territory. Although the 4H timeframe is in a downtrend, open interest remains stable. The price decline is not accompanied by a sharp decrease in OI, suggesting selling pressure may be weakening and a technical rebound is possible.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0685 - 0.0687 (Reason: 1H support level upper boundary, near current price )

🛑Stop Loss: 0.0678 (Reason: Break below recent 1H support and ATR lower band )

🚀Target 1: 0.0700 (Reason: 4H EMA20 and round number resistance )

🚀Target 2: 0.0715 (Reason: Previous 4H candle high resistance )

🛡️Trade Management:

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

- Execution Strategy: Once price reaches 0.0700, move stop loss up to entry price 0.0687. If the price strongly breaks through 0.0705, consider adding to the position, with new stop loss at 0.0695.

Deep Logic: Order book data shows buy orders accumulating in the 0.0680-0.0685 range, while sell orders are relatively concentrated above 0.0690 but with low volume. Stable OI with falling price, combined with positive funding rates, indicates potential for a short squeeze. The 1H RSI shows early signs of bullish divergence. If the price can hold above 0.0690 (1H EMA20), the rebound momentum will strengthen.

Trade here 👇 $IOTA

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