【$FIL Signal】Oversold Rebound Sniping! 1H RSI in Extreme Oversold Territory Waiting for Stabilization Signal

$FIL The 1H timeframe just experienced a waterfall decline, with RSI dropping to 21.33 in the extreme oversold zone, and hourly trading volume surged dramatically. This is a typical panic sell-off. The 4H timeframe has broken below all moving average supports, indicating a bearish trend, but there is a short-term technical rebound demand after the sharp decline. Open interest remains stable with no large-scale liquidation, suggesting the plunge may be caused by long leverage liquidations rather than sustained selling by major players. Market depth shows buy orders accumulating in the 0.86-0.87 range, forming an initial support zone.

🎯Direction: Watch and wait for (Pending Orders) - Waiting for stabilization signal, betting on oversold rebound.

⚡Order Strategy:

1. 【Aggressive Entry】Place orders in the $0.865 - $0.870 range (Reason: 4H previous low support area & concentrated buy orders in market depth).

2. 【Breakout Follow-up Long】If the price recovers and stabilizes above $0.892 (Reason: 1H EMA20 dynamic resistance & the first rebound high after the plunge), go long.

🛑Stop Loss: $0.855 (Reason: Breaking below strong support in market depth, invalidating rebound logic).

🚀Target 1: $0.905 (Reason: 1H Fibonacci 0.382 retracement level & previous small platform).

🚀Target 2: $0.925 (Reason: 1H EMA50 resistance & the starting point of the plunge).

🛡️Trade Management:

- Position Size: Light position (Reason: 4H trend still downward, rebound is a contrarian play, higher risk).

- Execution Strategy: If orders are filled, take profit at Target 1 and reduce position by 50%, then move stop loss to entry price. For the remaining position, aim for Target 2. If the price cannot quickly move away from the cost zone (e.g., remains near entry within 1 hour), consider closing early.

Order Book Logic: The current negative funding rate (-0.0061%) combined with the price plunge suggests a potential short squeeze. The 1H RSI is severely oversold, providing a basis for technical correction. The key is whether the price can form a clear 1-hour bullish engulfing or hammer candlestick in the 0.865-0.875 zone, accompanied by increased buy volume. If the rebound is weak, beware of downside risk.

Check real-time market 👇 $FIL

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