【$OP Signal】1H oversold rebound, targeting short-term short squeeze opportunity

$OP The 1H timeframe has formed a minor double bottom around 0.1174, with RSI(1H) at 39.28 indicating oversold conditions and a technical rebound demand. The 4H timeframe remains in a downtrend, but the latest 4H candle closed with a long lower shadow, showing buying interest starting to enter below. The current price is close to the 1H EMA20 (0.1202) below, forming a typical buildup pattern. Open interest remains stable, rates are neutral, and selling pressure is concentrated between 0.1176-0.1180. A breakout above this zone could trigger short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1185 - 0.1190 (Reason: Breakout of the 1H downtrend line and EMA20 resistance confirms the start of a rebound)

🛑Stop Loss: 0.1169 (Reason: Break below recent 1H double bottom low and dense support zone)

🚀Target 1: 0.1220 (Reason: Previous small resistance level on the 4H timeframe and EMA20 pressure)

🚀Target 2: 0.1245 (Reason: Previous rebound high on the 4H timeframe and Fibonacci 0.382 retracement level)

🛡Trade Management:

- Position size suggestion: Light (Reason: The 4H trend is still bearish; this is a counter-trend rebound with higher risk)

- Execution strategy: After reaching Target 1, move stop loss up to entry price 0.1185. For remaining positions, look toward Target 2. If the price stalls around 0.1220 and shows 1H bearish divergence, consider taking profit early.

Deep logic: Market depth shows heavy buy orders below 0.1174 (accumulating over 3 million USD), forming a strong support wall. The 1H RSI and price show signs of bullish divergence, with declining downside momentum. Market logic suggests upward movement, supported by stable open interest, indicating that main players are defending rather than purely short-squeezing. If the price can hold above 0.1190, it will directly challenge the weak sell zone above, and a short squeeze could be imminent.

View real-time market 👇 $OP

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