【$JUP Signal】Pullback to Long + 1H Oversold Rebound Play

$JUP The 1H timeframe has entered the oversold zone, and the price is testing the key support of the 4H EMA50. Although the short-term price is declining, the open interest remains stable, with no signs of panic selling, indicating initial signs of main force support. The RSI on the 1-hour chart has fallen to 36, indicating a technical rebound demand. Currently, the buy-side order depth is much thicker than the sell-side, with dense orders in the 0.1740-0.1735 area below, forming a strong support zone.

🎯 Direction: Long (Pullback Entry)

⚡ Entry/Order: 0.1729 - 0.1746

🛑 Stop Loss: 0.1705

🚀 Target 1: 0.1785

🚀 Target 2: 0.1810

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back after breaking the support level and fails to rally, consider taking profit proactively.

Order Book Logic: Price declines but open interest remains stable, suggesting that current selling pressure is mainly from short-term longs' stop-losses rather than main force liquidation. The 1-hour RSI is severely oversold, forming a potential bullish divergence with the price. The 4-hour EMA50 (0.1752) highly overlaps with the optimized entry zone, providing double support. The order book depth imbalance is as high as 16.58%, indicating strong willingness to absorb downward pressure, and a rebound is imminent.

View real-time market 👇 $JUP

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