The 1H timeframe is consolidating with decreasing volume above the key support level of 0.1550. The RSI$FET 1H( has entered the oversold zone (37.59). Although the 4H timeframe is in a downtrend, the open interest remains stable. Negative funding rates suggest crowded shorts, and a rebound on the 1H timeframe is imminent.

🎯Direction: Long )Long(
⚡Entry/Order: 0.1560 - 0.1565
🛑Stop Loss: 0.1545
🚀Target 1: 0.1600
🚀Target 2: 0.1625
🛡️Trade Management:
- Position Size: Light
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price of 0.1565. Hold the remaining position for Target 2. If the price retraces and breaks below the moving stop loss, exit all.
Order Book Depth: The order book shows unusually thick buy orders in the 0.1550-0.1560 range, forming an invisible support wall. Open interest remains stable during the price decline, indicating it’s not mainly large players offloading, but rather a liquidation of long positions. The negative funding rate (-0.0117%) combined with the oversold 1H RSI creates ideal conditions for a short squeeze. Once the 1H candlestick stabilizes above the EMA20 (0.1588), it will trigger short covering and drive a rapid rebound.
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