$BSV 1H level fluctuated between 15.43-15.76, forming a bottom. RSI(1H) showed a bullish divergence signal, with the price refusing to make new lows. On the 4H timeframe, the price retested the EMA50(15.93) and found support. Currently, the price is closely hugging the 1H EMA20(15.78), gathering strength for a move. The order book depth shows buy orders significantly thicker than sell orders, with an imbalance of 18.77%, and open interest remains stable. No signs of panic selling are observed, which is a typical feature of the main force protecting key levels.
🎯Direction: Long (Long) ⚡Entry/Order: 15.65 - 15.70 🛑Stop Loss: 15.40 🚀Target 1: 16.00 🚀Target 2: 16.30 🛡️Trade Management: - Position size suggestion: Light - Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 15.70. Hold the remaining position for Target 2. If the price retraces and breaks below the trailing stop, exit unconditionally. Order book logic: Although the price has declined, open interest(OI) remains stable, indicating it’s not main force unloading, but rather cleaning out weak hands. The 1H RSI(42.6) has exited the oversold zone, forming a bullish divergence with the price, and rebound momentum is building. Key support levels are at the previous 4H low of 15.43 and the dense buy zone of 15.58-15.60, with a low probability of breaking downward. The negative funding rate(-0.0375%) provides potential fuel for a short squeeze. View real-time market 👇$BSV #Gate广场发帖领五万美金红包
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$BSV 1H level fluctuated between 15.43-15.76, forming a bottom. RSI(1H) showed a bullish divergence signal, with the price refusing to make new lows. On the 4H timeframe, the price retested the EMA50(15.93) and found support. Currently, the price is closely hugging the 1H EMA20(15.78), gathering strength for a move. The order book depth shows buy orders significantly thicker than sell orders, with an imbalance of 18.77%, and open interest remains stable. No signs of panic selling are observed, which is a typical feature of the main force protecting key levels.
🎯Direction: Long (Long)
⚡Entry/Order: 15.65 - 15.70
🛑Stop Loss: 15.40
🚀Target 1: 16.00
🚀Target 2: 16.30
🛡️Trade Management:
- Position size suggestion: Light
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 15.70. Hold the remaining position for Target 2. If the price retraces and breaks below the trailing stop, exit unconditionally.
Order book logic: Although the price has declined, open interest(OI) remains stable, indicating it’s not main force unloading, but rather cleaning out weak hands. The 1H RSI(42.6) has exited the oversold zone, forming a bullish divergence with the price, and rebound momentum is building. Key support levels are at the previous 4H low of 15.43 and the dense buy zone of 15.58-15.60, with a low probability of breaking downward. The negative funding rate(-0.0375%) provides potential fuel for a short squeeze.
View real-time market 👇$BSV #Gate广场发帖领五万美金红包