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$ETH Signal】1H Oversold Rebound Trading Opportunity Under Negative Funding Rates
$ETH The 1H timeframe formed a double bottom with needles between 1992-2010, RSI dropped to 32 indicating severe oversold conditions. Although the 4H timeframe is still in a downtrend channel, the 1H shows signs of stabilization and a potential reversal. Coupled with negative funding rates, there is a short-term rebound or short squeeze opportunity.
🎯Direction: Long (Long)
🎯Entry/Order: 2015 - 2020 (Reason: Hold above 1H EMA20 and previous small platform )
🛑Stop Loss: 1990 (Reason: Break below double bottom lo