$BCH The 1H level is building a platform around 460, RSI(1H) shows a bullish divergence, with the price declining but momentum weakening. Although the 4H level is in a downtrend channel, open interest (OI) remains stable, indicating no signs of major players offloading. The current price is approaching a recent strong support zone, suggesting a technical rebound is possible.

🎯Direction: Long (Long)
⚡Entry/Order: 461.5 - 463.0
🛑Stop Loss: 454.7
🚀Target 1: 472.0
🚀Target 2: 480.0
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry level. Hold the remaining position to aim for Target 2. If the price consolidates in the entry zone for over 4 hours without showing signs of upward movement, consider closing the position.
Depth logic: The price has fallen over 6% from the high of 491, but open interest remains stable, indicating the decline is more profit-taking rather than large-scale dumping by major players. The 1H RSI(35.11) is near oversold levels and shows a bullish divergence. The bid-ask depth ratio (bid_ask_ratio_depth: 0.87) indicates decent support below. The 4H level in the 460-455 range is a previous dense trading zone with strong support. Combined with negative funding rates and stable holdings, there is a potential for a short squeeze rebound.
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