【$PYTH Signal】1H Oversold Rebound Trading + Order Book Support Setup

$PYTH After a series of continuous declines on the 1H timeframe, the market enters an oversold zone. RSI(1H) hits 33.5, and heavy buy orders accumulate around 0.0508. The order book depth shows a 5.43% imbalance, indicating strong support below. The current price has moved away from the 1H EMA20/50 moving averages, suggesting a technical rebound is needed. Although the 4H trend is somewhat weak, the oversold rebound on the 1H timeframe presents an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0508 - 0.0510 (Enter near the current price directly)

🛑Stop Loss: 0.0502 (Below the previous low of 0.05061)

🚀Target 1: 0.0522 (Resistance at 1H EMA50)

🚀Target 2: 0.0531 (Near yesterday’s high)

🛡️Trade Management:

- Position Size: Light

- Strategy: Confirm initial entry when price rebounds to 0.0515 (1H EMA20). Hold after stabilization. After reaching Target 1, reduce position by 50% and move stop loss up to entry price 0.0508. If the price fails to break 0.0515 and weakens again, consider breakeven or small loss exit.

Order Book Logic: Data shows over 700,000 units of dense buy wall from 0.0507 to 0.0508, a clear signal of main force defending the price. Despite market logic indicating a decline, open interest remains stable, indicating no panic selling. The RSI on the 1H has turned up from lows, combined with solid buy depth, making this a high reward-to-risk rebound setup. The key is whether the price can quickly recover above 0.0515 and activate more buy orders.

View real-time quotes 👇 $PYTH

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