【$OP Signal】Oversold Rebound Play! 1H RSI Seriously Oversold, Early Signs of Main Force Support

$OP The 1H timeframe just experienced a waterfall decline, with RSI dropping to 23.01, entering the severely oversold zone. Although the 4H trend is downward, the latest 4-hour candlestick closed with a long lower shadow, indicating strong buying support around 0.1142. Open interest (OI) remains stable and has not decreased significantly with the price drop, suggesting it’s not purely a bull trap; there may be main force support or short-term profit-taking. The current price hovers around 0.1155 in a narrow range, a typical recovery pattern after a sharp decline, and a short-term rebound opportunity has emerged.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1150 - 0.1155 (Reason: The lower boundary of the current consolidation zone, supported by the first support band below the 1H EMA50 )

🛑Stop Loss: 0.1135 (Reason: Breaking below the previous low of 0.1142 and the dense buy zone confirms continued decline )

🚀Target 1: 0.1185 (Reason: 1H EMA20 resistance level and previous small platform )

🚀Target 2: 0.1210 (Reason: The starting point of the waterfall decline, also the first strong resistance on the 4H timeframe )

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: The overall trend remains bearish; this is a counter-trend rebound with higher risk )

- 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 0.1155. If the price fails to break through 0.1170 and falls back into the entry zone, consider breakeven or small loss exit.

Deep Logic: Market depth shows a huge sell order at 0.1155, which is a key short-term resistance. However, buy orders below 0.1150 significantly increase, forming a support wall. The 1-hour RSI shows early signs of bullish divergence (new lows in price but RSI not new lows), indicating a strong technical rebound demand. Negative funding rates suggest bearish sentiment, and a rebound could trigger short covering, accelerating the rise. This is a typical “oversold + main force support” short-term sniper scenario.

View real-time quotes 👇 $OP

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