【$WIF Signal】Pullback to go long! 1H oversold + order book support, clear signs of main force defending the market

$WIF The 1H timeframe has entered the oversold zone, with prices repeatedly testing around 0.212. The order book shows significantly deeper buy orders than sell orders, indicating that the main force is protecting the key level. Although the 4H timeframe is in a downtrend, open interest remains stable, and negative funding rates suggest short squeeze risks. The current price is not suitable for shorting; it’s a good position to anticipate a rebound.

🎯Direction: Go Long (Long)

🎯Entry/Order: 0.2120 - 0.2125 (Reason: Dense buy orders in the order book, 1H RSI in oversold zone )

🛑Stop Loss: 0.2100 (Reason: Breaks below key support levels and round number )

🚀Target 1: 0.2170 (Reason: 1H EMA20 resistance and previous small platform )

🚀Target 2: 0.2210 (Reason: Previous low on 4H timeframe turns into resistance )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend has not reversed, indicating a left-side play )

- Execution strategy: If price rebounds above 0.2150, move stop loss to entry point. After reaching Target 1, reduce position by 50%, and hold the remaining position towards Target 2.

Order book logic: Open interest remains stable, price declines but does not trigger a collapse in open interest, indicating it’s not a main force dump. Order book imbalance reaches 10.46%, with concentrated buy strength. 1H RSI has dropped to 27.35, severely oversold, and a technical rebound is imminent. Coupled with negative funding rates, there is a possibility of short covering triggering a short squeeze.

View real-time market 👇 $WIF

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL