After forming a double bottom near 1.1699 at the 1H level, the price surged on the 13:00 hourly chart with increased volume, breaking through the short-term EMA20$PENDLE 1.2223( resistance, indicating a return of short-term buying interest. Although the 4H level remains in a downward channel, the price has already risen above the EMA50)1.2396( key support, and the latest 1H candlestick closed above 1.216, refusing to decline further, which is an initial signal of multi-timeframe resonance. Market depth data shows that buy order depth (bid_ask_ratio_depth: 0.40) is weak, but open interest (OI) remains stable during price declines, suggesting it is not institutional dumping but rather a shakeout of short-term traders.

🎯Direction: Long )Long(
⚡Entry/Order: 1.212 - 1.215
🛑Stop Loss: 1.169
🚀Target 1: 1.253
🚀Target 2: 1.282
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price of 1.215. The remaining position will trail the stop loss (e.g., if it breaks below 1H EMA20) to aim for Target 2. If the price drops back below 1.205 immediately after entry, consider exiting early and observing.
Depth Logic: The 1H RSI)45.42( has turned upward from oversold territory, indicating a potential bottom divergence correction. The key point is that the 4H level price is supported at EMA50, and the volume-increasing bullish candle on the 1H confirms a short-term bottom. Although the overall trend is weak, stable OI plus the price refusing new lows create a high-probability short-term sniper opportunity. The first major resistance above is at 1.253 (the previous 4H high and EMA20 resistance level).
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