$BSV The 1H timeframe just experienced a sharp decline, with RSI dropping to 22.76 indicating severe oversold conditions, and forming a potential bullish divergence with the price. Although the 4H timeframe is still in a downtrend channel, open interest remains stable, and the price has not further collapsed in a negative fee environment, suggesting possible short squeeze. The current price is testing a key integer support level, making it an excellent point for a short-term rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 15.00 - 15.08 (Reason: Key round number + dense buy orders on the order book, confirmed by a lower shadow on the 1H candlestick )

🛑Stop Loss: 14.85 (Reason: Break below previous low of 15.02 and the lower boundary of dense support zone, ATR-based stop loss )

🚀Target 1: 15.50 (Reason: Resistance at the 20 EMA on the 1H chart and previous minor consolidation platform )

🚀Target 2: 15.80 (Reason: Upper boundary of the 4H downtrend channel and previous high resistance )

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: The 4H trend remains bearish, this is a counter-trend rebound play )

- Execution Strategy: Once the price rebounds above 15.30, move the stop loss to the entry price. After reaching Target 1, reduce position by 50%, and trail the remaining position to breakeven while aiming for Target 2.

Deep Logic: The price dropped 3.5% within an hour, but open interest remained stable, indicating it’s not a major liquidation sell-off but rather a leverage washout among bulls. The order book shows heavy buy orders in the 15.00-15.08 range, while selling pressure above 15.10 begins to weaken. The 1H RSI is severely oversold, indicating a strong technical correction is needed. Coupled with negative funding rates, if the price can hold above 15.10, it may trigger short covering and a short squeeze rally.

View real-time market 👇 $BSV

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