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

The $ETH 1H timeframe has entered a narrow range after a sharp decline, with RSI deeply oversold, brewing a technical rebound. Although the 4H trend is downward, the latest candle shows a long lower shadow, and open interest remains stable, indicating short-term exhaustion of the bears and a potential short squeeze risk.

🎯Direction: Long (Long)

⚡Entry/Order: 1862 - 1865 (Current Price Zone)

🛑Stop Loss: 1833

🚀Target 1: 1895

🚀Target 2: 1920

🛡️Trade Management:

- Position suggestion: Light position

- Execution strategy: When the price reaches 1895, reduce position by 50% and move the stop loss to the entry point. The remaining position aims for the 1920 target. If the price stalls and pulls back near 1895, consider taking full profit.

Deep Logic: The 1H RSI is only 31.5, in a severe oversold zone, indicating a rebound basis. The key point is that open interest (OI) remains stable after the price plunge and has not dropped significantly, which is not typical of main force unloading. Instead, it resembles a passive liquidation-induced stampede. The order book shows buy depth concentrated around 1862 (72.35 ETH), providing immediate support. The negative funding rate (-0.0141%) increases short position costs, creating conditions for a short squeeze. This is a short-term rebound trade based on oversold correction and potential short squeeze.

View real-time market 👇 $ETH

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