【$ETH Signal】1H Oversold Rebound Play, Sniping the Lower Edge of the 4H Downtrend Channel

$ETH The 1H RSI has entered the oversold zone (32.64), and the price shows signs of short-term stabilization after a large bearish candle on the 4H chart. The current price is testing the lower edge of the 4H downtrend channel. On the 1H timeframe, there is a slight buy depth (bid_ask_ratio_depth 0.21), but overall order book shows heavy selling pressure (depth_imbalance -65.15%). Open interest remains stable with no signs of panic selling, providing an opportunity for a short-term sniping based on an oversold rebound. Although the 4H trend is weak, there is a technical correction needed on the 1H timeframe.

🎯Direction: Long (Long) - Oversold Rebound Play

🎯Entry/Order: 1860.00 - 1865.00 (Reason: Current price area close to the 1H support level, initiating a rebound play)

🛑Stop Loss: 1835.00 (Reason: Break below previous low 1836.06 and ATR(35.6) lower band invalidates the rebound logic)

🚀Target 1: 1895.00 (Reason: 1H EMA20 resistance level and previous small platform)

🚀Target 2: 1925.00 (Reason: Opening price of the last 4H candle and strong resistance zone at 1H EMA50)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: The 4H main trend is downward; this is a counter-trend rebound, higher risk)

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 1865. Remaining position aims for Target 2. If the price cannot hold above 1890, exit all positions.

Depth logic: After a sharp decline, open interest (OI) remains stable, indicating it is not a large-scale long squeeze but possibly a main force shakeout. The 1H RSI is oversold, indicating a technical rebound is needed. However, the order book shows heavy selling pressure, casting doubt on the strength of the rebound, so a light position with quick entry and exit is necessary. The core play is to see if the price can find support at the lower edge of the 4H channel and trigger a technical rebound on the 1H timeframe.

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