【$OP Signal】Oversold Rebound Play! 1H RSI Bottom Divergence, Negative Funding Rate Short Squeeze Imminent

$OP The 1H timeframe is oscillating narrowly around 0.1247, with RSI(1H) at 32.36, approaching oversold territory. Although the 4H timeframe is in a downtrend, open interest(OI) remains stable and has not decreased with the price decline. Coupled with a -0.09% negative funding rate, there is potential for a short squeeze rebound. The 1-hour candlestick shows a large volume at 0.1229, forming a short-term key support. Currently, buy-side order depth is dominant (depth imbalance of 12.61%), indicating funds are accumulating at lower levels.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.1245 - 0.1250 ( Reason: Current price range is close to the lower boundary of the 1H dense trading zone )

🛑 Stop Loss: 0.1228 ( Reason: Break below previous low 0.1229 and below the key buy order cluster )

🚀 Target 1: 0.1285 ( Reason: 1H EMA20 resistance level and previous small platform high )

🚀 Target 2: 0.1315 ( Reason: Recent starting point of the 4H downtrend and near Fibonacci 0.382 retracement level )

🛡️ Trading Management:

- Position Size Suggestion: Light ( Reason: The 4H trend remains bearish; this is a counter-trend rebound play with higher risk )

- Execution Strategy: After reaching 0.1285 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.1250. If the price strongly breaks through 0.1285 and stabilizes, hold the remaining position to target 0.1315.

Depth Logic: Price declines but open interest remains stable, indicating that large-scale short accumulation is unlikely; it may be passive long liquidation. The persistent negative funding rate means shorts pay fees, increasing the risk of a short squeeze. The 1H RSI shows a bottom divergence (price makes a new low, RSI does not), a technical short-term rebound signal. Heavy buy orders are stacked in the 0.1230-0.1240 zone below, providing short-term support.

View real-time market 👇 $OP

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