$OP On the 4-hour level, the price has repeatedly tested the key support level of 0.179, forming a potential double bottom structure. The depth imbalance reaches as high as 31.43%, with significant buying pressure, indicating institutional support below. The funding rate remains negative (-0.0178%), but the open interest is stable, presenting a short squeeze risk, making shorting unadvisable.
🎯 Direction: Go long
🎯 Entry: 0.1795 - 0.1805
🛑 Stop Loss: 0.1775 (breaking the previous low and dense buying zone, rigid stop loss)
🚀 Target 1: 0.1860
🚀 Target 2: 0.1920
Logical Rigor: The price receives strong support at 0.179 (previous low and order block), with the 4-hour candlestick testing multiple times being quickly pulled back, indicating absorption by buyers. RSI (44.48) is in the neutral to weak zone, indicating a healthy pullback. ATR (0.0054) shows moderate volatility, with reasonable stop loss space. The order book depth shows that the buying volume in the 0.1790-0.1805 range far exceeds the selling volume, forming a strong support wall. Combined with negative funding rates and stable open interest, short covering may become fuel for subsequent price increases. Profit and loss ratio > 2.0, consistent with high win rate trading models.
Trade here 👇$OP
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$ETH
