【$ETH Signal】1H Breakout and Retest Confirmation, Intraday Rebound Sniping

$ETH The 1H timeframe is strongly oscillating above the EMA20 (1949), just completing a breakout test of the previous small platform (1952-1960). Although the 4H timeframe is still in a downtrend channel, the 1H momentum has already turned strong, RSI (54.15) is stabilizing at the midline, and the bid-ask depth ratio (bid_ask_ratio_depth: 1.90) is favorable. This is a typical short-term buy signal. Prices are falling but open interest remains stable (OI Stable), indicating that it’s not major players distributing, but rather bulls shaking out weak hands.

🎯Direction: Long (Long)

🎯Entry/Order: 1958 - 1962 (Reason: 1H EMA20 support zone + breakout retest confirmation )

🛑Stop Loss: 1945 (Reason: Break below 1H EMA20 and previous low support, ATR lower band )

🚀Target 1: 1985 (Reason: 4H resistance level from previous high )

🚀Target 2: 2008 (Reason: 1.618 Fibonacci extension level, psychological barrier )

🛡Trade Management:

- Position size suggestion: Light (Reason: 4H trend not fully reversed, volatility is high )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks through 1985, move the remaining stop loss to trail and hold for Target 2.

Depth Logic: The 1H candlestick volume surged between 08:00-09:00, with buy orders accounting for 58%, confirming main force involvement. The following three candles consolidated above 1958 with reduced volume, indicating healthy consolidation after breakout. Market depth shows buy orders accumulating near 1958 (15.8 ETH), while sell orders above 1958.17 are sparse, suggesting slight short squeeze potential. Coupled with a bullish crossover RSI on the 1H, intraday rebound momentum is sufficient.

Trade here 👇 $ETH

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