【$PYTH Signal】1H Oversold Rebound Play, Sniping Short Squeeze Opportunity

$PYTH The 1H timeframe has formed a double bottom structure around 0.0456, accompanied by increased volume rebound. The RSI(1H) has surged from the oversold zone (<30) to 34.44, indicating short-term selling pressure is weakening. Although the 4H timeframe is still in a downtrend channel, the latest 4H candlestick closed with a long lower shadow, and open interest (OI) remains stable. No large-scale liquidation occurred during sharp price drops, suggesting the main force may be supporting the price rather than unloading. The current negative funding rate (-0.0021%) combined with price stabilization creates a potential short squeeze condition.
🎯Direction: Long (Long)
⚡Entry/Order: 0.0466 - 0.0468 (near current price)
🛑Stop Loss: 0.0455
🚀Target 1: 0.0480
🚀Target 2: 0.0495
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss up to entry price 0.0466. Hold remaining position for Target 2. If the price retraces and breaks below the trailing stop, exit all positions.
(Depth Logic: The 1H RSI shows early signs of divergence, with buy orders accumulating around 0.0465 (bid_ask_ratio_depth: 0.84), providing immediate support. Although the 4H timeframe is weak, the 1H momentum reversal signal is clear. Coupled with the negative funding environment, this setup is suitable for a quick oversold rebound play. Stable OI indicates the bulls haven't been completely defeated, fueling the rebound. )
View real-time market 👇 $PYTH
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