【$BSV Signal】1H oversold rebound, strong support in the order book, ambush long positions!
$BSV The 1H timeframe is testing a key support zone. After the price touched 16.16, it quickly rebounded. The 1H RSI (37.41) entered the oversold area, indicating a need for technical correction. The 4H timeframe remains in a downtrend, but the EMA50 (16.22) provides medium-term support, and the order book depth between 16.15-16.20 is unusually thick, showing funds are defending this level. Open interest remains stable, and the price decline has not triggered panic selling, which suggests this is more of a shakeout rather than a main force distribution.
🛑Stop loss: 16.10 (Reason: Falling below the dense support zone in the order book and the 4H EMA50, invalidating the bullish structure )
🚀Target 1: 16.65 (Reason: Resistance from previous high in 1H and EMA20 )
🚀Target 2: 16.95 (Reason: Previous high in 4H, also the starting point of this round of decline )
🛡️Trade Management:
- Position suggestion: Light position (Reason: The 4H trend is still bearish; this is a rebound game against the small trend in the context of a larger downtrend )
- Execution strategy: After reaching 16.65 (Target 1), reduce position by 50% and move stop loss up to entry price 16.30. Hold the remaining position to aim for Target 2. If the price stalls around 16.50, consider exiting all positions.
Depth logic: The order book shows over 4,000 buy orders stacked below 16.20, forming a strong support wall. The 1H RSI shows early signs of divergence, with the price making new lows but RSI not confirming. Meanwhile, funding rates remain low, eliminating the risk of a long squeeze. The current strategy is to target a short-term rebound based on strong support and oversold indicators, with a risk-reward ratio >1.5, making it worth a try.
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【$BSV Signal】1H oversold rebound, strong support in the order book, ambush long positions!
$BSV The 1H timeframe is testing a key support zone. After the price touched 16.16, it quickly rebounded. The 1H RSI (37.41) entered the oversold area, indicating a need for technical correction. The 4H timeframe remains in a downtrend, but the EMA50 (16.22) provides medium-term support, and the order book depth between 16.15-16.20 is unusually thick, showing funds are defending this level. Open interest remains stable, and the price decline has not triggered panic selling, which suggests this is more of a shakeout rather than a main force distribution.
🎯Direction: Long (Long)
🎯Entry/Order: 16.25 - 16.30 (Reason: 1H rebound confirmed, stabilizing above the short-term consolidation upper boundary )
🛑Stop loss: 16.10 (Reason: Falling below the dense support zone in the order book and the 4H EMA50, invalidating the bullish structure )
🚀Target 1: 16.65 (Reason: Resistance from previous high in 1H and EMA20 )
🚀Target 2: 16.95 (Reason: Previous high in 4H, also the starting point of this round of decline )
🛡️Trade Management:
- Position suggestion: Light position (Reason: The 4H trend is still bearish; this is a rebound game against the small trend in the context of a larger downtrend )
- Execution strategy: After reaching 16.65 (Target 1), reduce position by 50% and move stop loss up to entry price 16.30. Hold the remaining position to aim for Target 2. If the price stalls around 16.50, consider exiting all positions.
Depth logic: The order book shows over 4,000 buy orders stacked below 16.20, forming a strong support wall. The 1H RSI shows early signs of divergence, with the price making new lows but RSI not confirming. Meanwhile, funding rates remain low, eliminating the risk of a long squeeze. The current strategy is to target a short-term rebound based on strong support and oversold indicators, with a risk-reward ratio >1.5, making it worth a try.
Check real-time market 👇 $BSV
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