【$ETH Signal】Pullback to Long! 1H Oversold Rebound + Order Book Support

$ETH The 1H timeframe shows signs of stabilization after intense fluctuations between 1950-1980. Although the 4H timeframe is still in a downtrend channel, the 1H RSI has entered the oversold zone, and the latest hourly candle closed above 1980, indicating weakening short-term selling pressure. The order book shows exceptionally thick buy-side depth, with clear main force support intentions. This is a typical slowing-down structure in a downtrend, creating conditions for a short-term rebound.

🎯Direction: Long

⚡Entry/Order: 1965 - 1975

🛑Stop Loss: 1948

🚀Target 1: 2015

🚀Target 2: 2040

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. The remaining position aims for Target 2 as the final take profit. If the price retraces and breaks below the moving stop loss, exit all positions.

Order Book Logic: Position volume remains stable after a sharp price drop, indicating it’s not mainly institutional dumping but rather long leverage liquidation. The 1H RSI is only 30, in a severe oversold condition, suggesting a technical rebound is imminent. Data shows buy orders significantly outnumber sell orders, with strong support in the 1960-1970 range below, providing a springboard for the rebound. Coupled with negative funding rates, there is potential for short covering to push the price higher.

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