【$ETH Signal】1H timeframe oversold rebound, sniper opportunity after main force shields the market and triggers short squeeze

$ETH On the 1H timeframe, after forming a long lower shadow near 1946, a small-level double bottom rebound structure is being built. Although the 4H timeframe remains below the EMA50, open interest remains stable, and the price decline was not accompanied by a significant drop in OI, indicating that the main force has not been unloading heavily. The current sharp decline is caused by a forced liquidation of longs. The 1H RSI has turned upward from the oversold zone, with buy orders far exceeding sell orders, and strong support below.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 1948.0 - 1960.0 (patiently wait for pullback confirmation)

🛑Stop Loss: 1935.0

🚀Target 1: 1985.0

🚀Target 2: 2010.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If the price encounters resistance near Target 1 and falls back, breaking the trailing stop, exit all positions.

Depth Logic: The buy order depth is unusually thick, with a depth imbalance rate as high as 89%, indicating strong willingness to absorb downward pressure. The 1-hour price has already broken above the EMA20, and RSI shows a bullish divergence, suggesting short-term momentum is recovering. Combined with negative funding rates and stable open interest, there is potential for a short squeeze rebound. Key support is near 1946 from four hours ago; as long as this level holds, the rebound structure remains valid.

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