【$CRV Signal】V-Shaped Rebound! 1H Oversold Divergence + Order Book Support, Targeting Short Squeeze

$CRV The 1H timeframe is in the oversold zone, with RSI showing signs of bullish divergence, and the price is supported by strong buying interest in the 0.236-0.238 range. Although the 4H timeframe remains in a downtrend, open interest remains stable with no signs of panic selling, indicating that the main force may be defending the price. Currently, the price is falling but open interest has not decreased, suggesting potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.237 - 0.238 (Reason: Strong support zone in the order book, 1H RSI shows bullish divergence)

🛑Stop Loss: 0.233 (Reason: Break below recent dense trading area lower boundary and ATR lower band)

🚀Target 1: 0.244 (Reason: 1H EMA20 and previous minor resistance level)

🚀Target 2: 0.248 (Reason: 4H previous high and Fibonacci 0.382 retracement level)

🛡Trade Management:

- Position Size: Light (Reason: 4H trend has not fully reversed, indicating a left-side game)

- Execution Strategy: If the price stabilizes above 0.241 (1H opening price), consider it a preliminary confirmation. After reaching Target 1, reduce position by 50% and move stop loss to entry price. The remaining position aims for Target 2.

Deep Logic: Order book depth shows over 10 million buy orders accumulated below 0.236, providing strong support. The 1H RSI is at 36.75, near oversold, and shows bullish divergence with the price, indicating rebound momentum is building. Stable open interest suggests the decline is not due to large-scale long liquidation but more like a shakeout. Coupled with a slightly positive funding rate, there is a risk of a short squeeze.

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