【$ETH Signal】1H Oversold Rebound Trading, Watch for Key Resistance Breakout
$ETH The 1H timeframe is oscillating within the 1950-1960 range, RSI has fallen to 32.47 entering the oversold zone, while the 4H timeframe is in a weak consolidation phase after a sharp decline. Currently, the 1H candlestick is trading below EMA20(1985), but the open interest remains stable as prices decline, and buy depth is concentrated around 1958, indicating funds are attempting to defend the market. There is a technical need for a short-term oversold rebound on the 1H level.
🎯Direction: Long (Long)
🎯Entry/Order: 1965 - 1970 (Reason: Stabilizing above the 1H EMA20 resistance turns it into support, and it is a recent small platform high)
🛑Stop Loss: 1945 (Reason: Breaking below the recent oscillation low of 1947.24 invalidates the rebound structure)
🚀Target 1: 1995 (Reason: 1H EMA50 resistance level and an integer milestone)
🚀Target 2: 2020 (Reason: Fibonacci 0.382 retracement of the previous 4H decline)
🛡Trade Management:
- Position Size: Light (Reason: The 4H trend is still downward; this is only a 1H rebound play with higher risk)
- Execution Strategy: After reaching Target 1, move the stop loss up to the entry level at 1965. If the price strongly breaks through 1995 and stabilizes, consider targeting the remaining position towards 2020.
Deep Logic: Market depth shows a large sell order at (1958.81) with 71.6 ETH, forming a direct resistance. However, buy orders below are also densely accumulated, indicating intense market struggle at this level. Open interest remains stable rather than decreasing, suggesting the decline is not due to large-scale long liquidation but rather short-term suppression by bears. The 1H RSI is oversold, combined with negative funding rates, indicating a potential short-term short squeeze rebound. The key is whether the price can volume-break through the 1965-1970 zone and hold steady.
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GengHui
· 12h ago
Happy New Year 🧨
View OriginalReply0
GengHui
· 12h ago
Wishing you great wealth in the Year of the Horse 🐴
【$ETH Signal】1H Oversold Rebound Trading, Watch for Key Resistance Breakout
$ETH The 1H timeframe is oscillating within the 1950-1960 range, RSI has fallen to 32.47 entering the oversold zone, while the 4H timeframe is in a weak consolidation phase after a sharp decline. Currently, the 1H candlestick is trading below EMA20(1985), but the open interest remains stable as prices decline, and buy depth is concentrated around 1958, indicating funds are attempting to defend the market. There is a technical need for a short-term oversold rebound on the 1H level.
🎯Direction: Long (Long)
🎯Entry/Order: 1965 - 1970 (Reason: Stabilizing above the 1H EMA20 resistance turns it into support, and it is a recent small platform high)
🛑Stop Loss: 1945 (Reason: Breaking below the recent oscillation low of 1947.24 invalidates the rebound structure)
🚀Target 1: 1995 (Reason: 1H EMA50 resistance level and an integer milestone)
🚀Target 2: 2020 (Reason: Fibonacci 0.382 retracement of the previous 4H decline)
🛡Trade Management:
- Position Size: Light (Reason: The 4H trend is still downward; this is only a 1H rebound play with higher risk)
- Execution Strategy: After reaching Target 1, move the stop loss up to the entry level at 1965. If the price strongly breaks through 1995 and stabilizes, consider targeting the remaining position towards 2020.
Deep Logic: Market depth shows a large sell order at (1958.81) with 71.6 ETH, forming a direct resistance. However, buy orders below are also densely accumulated, indicating intense market struggle at this level. Open interest remains stable rather than decreasing, suggesting the decline is not due to large-scale long liquidation but rather short-term suppression by bears. The 1H RSI is oversold, combined with negative funding rates, indicating a potential short-term short squeeze rebound. The key is whether the price can volume-break through the 1965-1970 zone and hold steady.
Trade here 👇 (
---
Follow me: Get more real-time analysis and insights into the crypto market! )$ETH
$BTC
$ETH $SOL