【$IOTA Signal】Pullback to buy! 1H oversold rebound, strong support below

$IOTA The 1H level is oscillating narrowly between 0.0645-0.0650, the price has broken below the main 4H moving averages, but the 1H RSI shows oversold conditions, indicating a technical rebound demand. Market depth data shows that buy orders are unusually thick in the 0.0635-0.0640 range, forming an invisible support wall, while open interest remains stable, suggesting the decline is not due to large-scale dumping by major players, but more like a long leverage wipeout. The current price is far from the 1-hour moving average, so chasing short positions directly carries high risk; it’s better to wait for a pullback to the strong support zone to go long.

🎯Direction: Long (wait for pullback to place orders)

⚡Entry/Order: 0.0632 - 0.0638

🛑Stop Loss: 0.0625

🚀Target 1: 0.0655

🚀Target 2: 0.0668

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position up to the entry price of 0.0638. If the price fails to break above 0.0655 and falls back below 0.0640, consider closing the position and observing.

Depth Logic: The 1-hour RSI has entered oversold territory, showing signs of a bullish divergence, and short-term rebound momentum is building. Although the 4-hour trend is weak, the buy order imbalance in the key support zone is as high as 13%, indicating that large funds may be defending or accumulating at this price level. Open interest remains stable during the decline, with no signs of panic selling, providing room for a technical rebound from excessive selling. The first strong resistance above is near the 1-hour EMA20 at 0.0651.

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