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

$ETH The 1H timeframe has entered the oversold zone, with the price repeatedly testing the key support level. Short-term downward momentum is weakening. The 4H timeframe remains in the upper zone of a high-level consolidation, with open interest stable and no signs of panic selling, providing a basis for a technical rebound. Currently, the order book shows deep buy-side support below, with dense support levels, making it an opportune moment for a rebound.

🎯Direction: Long

⚡Entry/Order: 2029 - 2049

🛑Stop Loss: 2019

🚀Target 1: 2080

🚀Target 2: 2110

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position towards Target 2. If the price stalls at Target 1 and falls back, breaking the trailing stop, exit all positions.

Depth Logic: The 1-hour RSI has fallen to 38, entering the oversold zone, indicating a need for technical correction. Despite the price decline, open interest remains stable, suggesting this may be a long leverage wipeout rather than a major liquidation. The order book shows a large accumulation of buy orders around 2049, forming short-term support. The 4-hour EMA50 (around 2021) provides a stronger trend support, offering a safety margin for this rebound. Negative funding rates also suppress excessive shorting.

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