【$XMR Signal】1H Oversold Rebound Play, Sniping the Lower Support of the 4H Downtrend Channel

$XMR The 1H timeframe has formed a double bottom near 322.5, and after RSI entered the oversold zone, there are signs of bullish divergence, indicating a short-term technical rebound demand. The 4H timeframe remains within a clear downtrend channel, but open interest (OI) is stable and buy-side order depth dominates (22.92%), suggesting that the decline is not driven by panic selling by major players, but rather by passive liquidation of longs. The current price is testing the lower boundary of the channel, making it a sniper point for aggressive rebound play.

🎯Direction: Long (Long)

🎯Entry/Order: 324.5 - 325.5 (Reason: 1H double bottom neckline and current dense trading zone )

🛑Stop Loss: 321.5 (Reason: Break below 322.5 of the 1H double bottom low, confirming structure invalidation )

🚀Target 1: 332.0 (Reason: Resistance at the upper boundary of the 4H downtrend channel and EMA20 )

🚀Target 2: 338.0 (Reason: Previous 4H high and Fibonacci 0.5 retracement level )

🛡Trade Management:

- Position Size Suggestion: Light (Reason: The 4H main trend is still downward; this is a counter-trend rebound play )

- Execution Strategy: After reaching Target 1, move the stop loss to break even at the entry point. For the remaining position, look toward Target 2. If the 1H candlestick shows signs of stagnation near Target 1 (such as a long upper shadow), consider exiting all positions early.

Deep Logic: Although the price has fallen, OI remains stable, indicating it is not a major player liquidation. The 1H RSI(39.7) shows bullish divergence, and buy order depth ratio is 1.59, with significant buy orders below (71,700 contracts at 325.03), providing short-term support. The funding rate is neutral at 0.01%, with no risk of a long squeeze. The core play is a 1H oversold recovery, rebounding toward the upper boundary of the 4H channel.

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