【$IOTA Signal】Pullback to go long! 1H level oversold rebound, clear signs of main force supporting the market

$IOTA The 1H level is in the early stage of an oversold rebound, with the price receiving initial support around 0.0634. Although the 4H level is still in a downtrend channel, the open interest remains stable, with no signs of panic selling, indicating that the main force may be supporting the market. The 1-hour RSI has rebounded from lows to 36, showing that short-term downward momentum is weakening and a technical rebound is likely. Market depth data shows that buy orders below are much thicker than sell orders, providing a solid buffer for the price.

🎯 Direction: Long

⚡ Entry/Order: 0.0619 - 0.0625

🛑 Stop Loss: 0.0605

🚀 Target 1: 0.0648

🚀 Target 2: 0.0660

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price fails to break through 0.0640 and falls below the lower boundary of the entry zone again, consider the rebound failed and exit decisively.

( Depth Logic: Currently, the price is far from the 1-hour and 4-hour EMA lines, indicating severe technical oversold conditions. Despite the decline, open interest remains stable, which is not typical of main force unloading, but rather resembles long leverage liquidation. Funding rates are slightly positive, with no extreme negative rates, indicating low risk of a short squeeze. Coupled with heavy buy orders below, there is a high probability of forming strong support around 0.0620-0.0625, making it an ideal point for a pullback to go long. The first rebound target is near the 1-hour EMA20 and previous small platform resistance at 0.0648. )

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