【$JUP Signal】1H level oversold rebound, targeting a bounce confirmation opportunity

$JUP The 1H level has formed a double bottom near 0.1593, RSI(1H) rebounded from the oversold zone to 45.38, indicating short-term selling pressure is weakening. Although the 4H level is in a downtrend channel, the price has already touched the EMA50(0.1575) key support area, and the current buy order depth (bid_ask_ratio_depth=1.39) is significantly better than the sell orders, showing signs of main force supporting the price. Open interest remains stable, and the funding rate is neutral. This is a typical oversold rebound pattern, playing the rebound correction at the 1H level.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1610 - 0.1615 (Reason: 1H EMA20(0.1647) below accumulation zone, pullback confirms support)

🛑Stop loss: 0.1585 (Reason: Breaks below 1H double bottom low of 0.1593 and EMA50 support)

🚀Target 1: 0.1660 (Reason: Resistance from previous high on 1H level and EMA20 moving average)

🚀Target 2: 0.1705 (Reason: Previous high resistance level on 4H level)

🛡️Trade management:

- Position suggestion: Light position (Reason: 4H trend has not fully reversed, indicating a counter-trend rebound game)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.1615. If the price cannot hold above 0.1630 (1H opening resistance), consider exiting early.

Depth logic: Order book imbalance reaches 16.17%, with obvious buy accumulation, indicating large buy orders are lurking in the 0.160-0.162 range. 1H RSI shows divergence at the bottom, with the price making new lows but the indicator not confirming new lows. Although the 4H buy-sell ratio once dropped to 0.41 indicating selling pressure, recent data has rebounded to 0.62, showing short-term buy support returning. This is a short-term opportunity utilizing the momentum reversal at the 1H level to target the 4H support level, with a risk-reward ratio >1.5.

Trade here 👇 $JUP

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