$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

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#我在Gate广场过新年
BSV-2.54%
BTC1.17%
ETH-0.13%
SOL0.76%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
AYATTACvip
· 9h ago
2026 GOGOGO 👊
Reply0
AYATTACvip
· 9h ago
To The Moon 🌕
Reply0
Ryakpandavip
· 15h ago
Happy New Year 🧨
View OriginalReply0
ShainingMoonvip
· 15h ago
To The Moon 🌕
Reply0
ShainingMoonvip
· 15h ago
To The Moon 🌕
Reply0
neesa04vip
· 15h ago
To The Moon 🌕
Reply0
Yunnavip
· 16h ago
good information
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)